While high-earning men don’t make more money around the time they marry, their earnings grow throughout the lifetime of the marriage, according to research by Jonathan Marc Bearak, who got his PhD from New York University. The opposite is true for poor men; their earnings peak around the fourth year of marriage, then steadily decline. He points to many possible reasons marriage could have a positive effect on rich men, including discrimination by employers against unmarried men, happiness at home, and positive female influences. Bearak says previous research assumes that marriage affects high-earning men the same way it affects low earners. He concludes that marriage reinforces preexisting male earnings inequality.
Philanthropists are more likely to ask their peers for advice about their charitable donations than their financial advisor, according to a new survey from Foundation Source. The survey of 167 philanthropists, most of which have private foundations of less than $50 million in assets, found that 34.7 percent rely on the advice of their peers or are more likely to not ask for advice than seek professional counsel. Just 11.9 percent seek out a financial advisor for advice, the survey shows. In addition, 65.1 percent said they don't need advice from a financial advisor, while 18.1 percent said the thought of seeking help from an advisor didn't occur to them and 8.4 percent said they wouldn't be confident in an advisor's advice. However, of the 41.3 percent who did consult with an advisor, 80 percent were confident with the advice, accountingweb reported.
Memorabilia from your favorite band may actually be worth something if you know which acts are the best bets. MarketWatch, using data from JustCollecting.com, rounded up which artists to invest in today based on the expected value of their memorabilia by 2035. The list included oldies like the Beatles, the Rolling Stones, Elvis Presley, Michael Jackson, Jimi Hendrix and Bob Dylan, as well as some newer acts like Led Zeppelin, Nirvana, Sex Pistols and Madonna. In fact, Madonna’s autograph has already almost tripled in value, from almost $400 in 2000 to $1,060 in 2015, according to the autograph index. Serious collectors can buy some Beatles memorabilia next month when drummer Ringo Starr and his wife put more than 1,000 items up for auction.