“I just want to park it for a bit and earn some interest.” (Photo subject is a model.) – Getty Images/iStockphoto Dear Quentin, I’ll soon be inheriting about $600,000. Do you have any suggestions on where I should invest it? What online bank account should I look into? Should I go for a high-yield account […]
“I’m not experienced with this amount of money.” (Photo subject is a model.) – MarketWatch photo illustration/iStockphoto Dear Quentin, I’m inheriting about $850,000 unexpectedly, and I need advice on what to do with it. I am a mother in my 40s and I’m financially independent. I make about $100,000 annually, and I have $50,000 in […]
Insights from Bloomberg, Este Pais, Al Jazeera, and Foreign Policy The News Mexico is set to elect its first woman president this weekend; former Mexico City mayor Claudia Sheinbaum leads in the polls, while former senator Xóchitl Gálvez trails behind. The election would mark a milestone for gender parity in the country, and it comes […]
An inheritance is a windfall that can absolutely help someone’s financial situation — but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe taxes until you sell those assets. These capital gains taxes are then calculated using what’s known as a stepped-up cost basis. This […]