Retirement accounts

Elon Musk says money will ‘disappear’ in the future as AI makes work (and wages) irrelevant

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Elon Musk says money will ‘disappear’ in the future as AI makes work (and wages) irrelevant

So you’ve climbed the ladder to a comfortable six-figure salary. Or maybe you’ve got hundreds of thousands in cash in the bank — or invested in stocks and retirement accounts. According to Elon Musk, none of this might matter for very long. The richest person in the world believes that money itself is on borrowed … Read more

Wealthy Americans are moving cash out of checking and savings accounts. Here’s what they do with it

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Wealthy Americans are moving cash out of checking and savings accounts. Here’s what they do with it

Rawpixel/Envato Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Consumer confidence fell sharply in November, falling to its lowest point since April, when concern about President Trump’s tariffs fueled economic anxiety (1). Possibly as a result, the Americans pulled back on spending. A delayed report from the … Read more

An adviser to wealthy early retirees explains why he thinks 401ks are ‘money prisons’ and where he tells clients to invest instead

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An adviser to wealthy early retirees explains why he thinks 401ks are ‘money prisons’ and where he tells clients to invest instead

Austin Dean calls retirement-specific accounts like 401(k) plans and IRAs “money prisons.”halbergman/Getty Images Austin Dean advises his high-net-worth clients to avoid 401(k) “money jail.” He recommends alternatives for building wealth that offer more flexibility and control. His advice to clients allows quick access to cash without having to sell investments and trigger capital gains tax. … Read more