Record Number of $1 Million 401(k) and IRA Accounts in Q2 2024

A record number of 401(k) and IRA accounts contained $1 million or more in the second quarter of 2024, with significant increases from the previous quarter. Average retirement account balances have also seen growth over the last year.

Maine Millionaires Legal Battle Over Tree Poisoning

Two Maine millionaires are in a legal battle over accusations of tree poisoning to secure a better view, leading to herbicide entering a public beach. The perpetrators have paid fines and are under investigation for further remediation.

California Millionaire Migration Trends

Despite claims of a California exodus, the state saw a 66% increase in millionaire residents between 2019 and 2021, with the highest number of millionaires compared to other states. In-state migration was centered around residents moving inland from coastal cities.

Gold Hoarding for Doomsday Prepping Among Millionaires and Elites

Millionaires and elites are hoarding gold as part of their doomsday preparations to barter with it in case of an economic collapse or other catastrophic events. The surge in gold sales is fueled by concerns over the devaluation of the dollar and overall economic instability.

IRS Crackdown on Tax Evasion by Millionaires and Billionaires

The IRS is cracking down on tax evasion by millionaires and billionaires, aiming to collect unpaid taxes and ensure a fair system where every taxpayer contributes their fair share. With increased funding, the IRS is targeting complex tax returns and using AI to identify high-risk returns for audits.