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This New York town is the wealthiest suburb in the whole country
This New York town is the wealthiest suburb in the whole country

Time Out

time21-07-2025

  • Business
  • Time Out

This New York town is the wealthiest suburb in the whole country

Scarsdale just did it again: For the second year running, this tree-lined Westchester enclave has snagged the top spot as America's wealthiest suburb, according to new data from GOBankingRates —and the numbers don't lie. With an average household income of $601,193 in 2023 (up 2.2-percent from the year prior) and average home values tipping the scales at $1.2 million, Scarsdale isn't just rich—it's in a class of its own. That's despite stiff competition from glossy zip codes in California and Texas, many of which saw either a dip in income or cooling home prices. But not Scarsdale. Here, the Tudor homes remain pristine, the train to Grand Central runs like clockwork and the public schools are practically a brand name. Located just 20 miles from Midtown Manhattan (or about 30 minutes via Metro-North), Scarsdale has long been a magnet for high earners who want suburban serenity with a side of status. It's not just hedge funders and lawyers, either, though there are plenty of those. The town also boasts a large foreign-born population, including a long-established Japanese community and more than 90-percent of adults hold a bachelor's degree or higher. So what makes Scarsdale stand out among the 50 wealthiest suburbs nationwide? While other top-tier 'burbs—like Los Altos, California, and West University Place, Texas—have posted either shrinking incomes or slower growth, Scarsdale has quietly continued to climb. Home values are up 3.2-percent over the past year and income growth continues to outpace inflation. Notably, Scarsdale wasn't the only New York suburb to flex its financial muscle—nearby Rye came in second, with an average household income of $421,259 and home values that actually beat Scarsdale's at nearly $1.9 million. But it's Scarsdale that remains the gold standard of suburban affluence, with just the right mix of manicured charm, generational wealth and proximity to the city. Want in? Hope you're ready to drop seven figures and battle a competitive real estate market where listings disappear faster than a table at Carbone. But hey, at least you'll be neighbors with America's wealthiest. Again.

Klay Thompson and Megan Thee Stallion go official at NYC gala
Klay Thompson and Megan Thee Stallion go official at NYC gala

Express Tribune

time17-07-2025

  • Entertainment
  • Express Tribune

Klay Thompson and Megan Thee Stallion go official at NYC gala

NBA star Klay Thompson and Grammy-winning rapper Megan Thee Stallion made their relationship official at the Pete & Thomas Foundation Gala in New York City, marking their first public appearance together. The couple arrived in coordinated black outfits, with Megan wearing a stunning black gown and Thompson donning a classic tuxedo, drawing widespread attention on the black carpet. The Dallas Mavericks guard, 31, and Megan, real name Megan Pete, first sparked dating rumors earlier this year when a viral bikini photo showed Thompson in the background. Shortly after, the speculation was confirmed when Thompson posted a vacation photo dump from the Bahamas that featured the couple holding hands and sharing intimate moments. Prior to the gala, the pair were seen enjoying dinner at Carbone in NYC, fueling buzz ahead of their red carpet appearance. The Pete & Thomas Foundation, launched by Megan in memory of her parents, held its annual fundraising event to support underserved communities—making it a meaningful setting for the duo's debut as a couple. Megan Thee Stallion and Klay Thompson arriving to the Pete & Thomas Gala tonight in NYC! — Stallion Stats (@MegansStats) July 17, 2025 Megan was previously linked to NBA player Torrey Craig in 2024, while Thompson's past relationships include Coco Jones, Laura Harrier, and Eiza González. Their appearance together cements their status as a new celebrity power couple. With their stylish debut and growing social media presence, Klay Thompson and Megan Thee Stallion are poised to be one of 2025's most talked-about celebrity romances.

Klay Thompson and Megan Thee Stallion spark dating rumors with NYC outing and viral vacation photos
Klay Thompson and Megan Thee Stallion spark dating rumors with NYC outing and viral vacation photos

Time of India

time15-07-2025

  • Entertainment
  • Time of India

Klay Thompson and Megan Thee Stallion spark dating rumors with NYC outing and viral vacation photos

NBA player and rapper recently went out on a date night at a popular location in New York City. It brought their romance to the public's attention. On Monday, the new power couple was seen departing the celebrity-favorite restaurant, Carbone, in New York City. Tired of too many ads? go ad free now The pictures came after an image of the singer and the Dallas Mavericks star relaxing by the pool went viral. It also started rumors about a potential romantic relationship. Klay Thompson and Megan Thee Stallion go public with romance during NYC date night For their first public appearance together, the player wore a white polo shirt and navy track pants, while Meg opted for a multicolored dress. Since keen-eyed fans noticed the basketball player at the back of Meg's thirst trap last week, things have gotten a lot more heated. A few days after being identified, the NBA player shared a picture of himself and the rapper hugging each other on social media. The player also shared pictures from a recent trip to the Bahamas, seemingly confirming rumors that he is dating Megan Thee Stallion. In a July 12 photo dump on Instagram, Klay Thompson also included an image of himself holding hands with a woman with long purple nails and another of him kissing a woman with her back to the camera. Meg's hair and nails from some bikini-clad beach photographs she published the next day are identical to those of the woman in Klay Thompson 's carousel post. This further cemented the rumors of their relationship. Klay Thompson in action (Image via Getty Images) It all started with 's most recent Instagram image that had the five-time NBA All-Star in the backdrop. Klay Thompson was visible in the corner of the photo, despite not being in the actual image. However, he didn't appear to be interested in being in the picture. Furthermore, neither his name nor his tag were mentioned in the text or the picture. However, for music and sports enthusiasts, a possible romance between the Grammy-winning artist and \the top NBA player is quite exciting. Also read:

How to avoid these ‘tax torpedoes' in retirement, per UBS
How to avoid these ‘tax torpedoes' in retirement, per UBS

CNBC

time03-07-2025

  • Business
  • CNBC

How to avoid these ‘tax torpedoes' in retirement, per UBS

Uncle Sam can take a solid bite out of retirees' savings once they begin drawing down their hard-earned dollars, and UBS has a way to mitigate the tax bite. Investors may be familiar with portfolio diversification, in which they ensure they have sufficient exposure to an array of asset classes to avoid concentration risk. But there's also the matter of tax diversification: That is, ensuring that you're putting money away in accounts with different tax treatments so as to mitigate taxes when you start drawing down assets. These accounts can be taxable, tax-deferred (like your 401(k) plan or your traditional individual retirement account) or tax-free (like your Roth IRA, Roth 401(k) or health savings account). "The order in which you draw from your retirement accounts can significantly impact your after-tax wealth and the longevity of your retirement plan," wrote Ainsley Carbone, total wealth strategist, chief investment officer Americas at UBS, in a June 25 report. The upside and downside of tax deferral Deferring taxes is a great idea in savers' working years, but it can come back to bite retirees depending on how they draw down the money. Consider that withdrawals from tax-deferred accounts are levied as ordinary income, which can be subject to a federal marginal income tax rate as high as 37%. "Deferring taxes tends to create 'tax torpedoes' for later retirement years, forcing families into higher tax brackets and reducing after-tax growth potential," Carbone wrote. There are also unintended consequences to pulling down this income. For instance, retirees' whose modified adjusted gross income , or MAGI, exceeds $106,000 (or $212,000 for joint filers) are on the hook for steeper premiums on Medicare Part B and prescription drug coverage. The 2025 standard premium for individuals with a MAGI that's less than or equal to $106,000 is $185 a month. But if you're not careful about your withdrawals, you could inadvertently push yourself into a higher bracket. Consider that individuals with MAGI above $167,000 and up to $200,000 are on the hook for the standard Medicare Part B premium, plus $295.90. Another reason to watch your income sources in retirement: The prized tax-free interest income from your municipal bonds also counts toward the MAGI calculation. Managing the hit in retirement To help retirees navigate the spend-down process and mitigate taxes, UBS came up with a "spending waterfall" framework. For starters, retirees should have three spending buckets: A liquidity strategy that provides cash flow for three to five years of expenses, a longevity bucket that meets needs five years off and a legacy bucket for goals beyond the retirees' lifetime. These retirees should compare their planned spending to their expected income. "Take the amount of cash you need to fill your Liquidity strategy and subtract the amount of your expected income," wrote Carbone. The difference will reflect how much money the saver needs to raise from other sources, either by withdrawing from tax-deferred accounts or selling holdings in a taxable account. The next step involves coordinating with financial and tax advisors to estimate taxable income in the approaching retirement years, and draw up a target marginal income tax rate to help spread income, Carbone said. This can help retirees avoid inadvertently bumping themselves into higher tax brackets as they draw down assets. Once they have this plan, investors can work with their financial advisor or tax professional to determine which accounts they should tap – which will vary based on their spending needs. For instance, those whose are spending below their targeted tax bracket might be fine to take a distribution from a tax-deferred account to "fill" their lower income tax brackets. Those with spending needs that exceed their goal tax bracket, however, might be better served taking a withdrawal from a Roth account, Carbone said. Investment plans and retirement drawdown strategies aren't meant to be static, so retirees should work with their advisor to revisit and tweak the plan each year. "There are many moving parts in the spending waterfall framework, but remember: The goal is not to optimize every dollar, just to smooth your income and tax rates over time," she said. —CNBC's Michael Bloom contributed reporting.

A 22-Year-Old Tech Bro Built a Website That That Judges Diners by Their Looks. Obviously.
A 22-Year-Old Tech Bro Built a Website That That Judges Diners by Their Looks. Obviously.

Eater

time02-07-2025

  • Entertainment
  • Eater

A 22-Year-Old Tech Bro Built a Website That That Judges Diners by Their Looks. Obviously.

Plus, chef Flynn McGarry is running a pop-up at Isabella Rossellini's farm — and more intel Jul 2, 2025, 2:44 PM UTC The 22-year-old Riley Walz of San Francisco has compiled a numeric system via LooksMapping as to which New York (and SF and LA) restaurants have the hottest clientele based not on actually visiting any restaurants but creating an A.I. model he directed to scrape 2.8 million Google reviews. Red means hot, blue means not, with a 10 signaling the restaurants with the most attractive diners. Carbone is 9.7; Raoul's is 6.4; no results for Dhamaka or Crevette (lucky for them); and Sarabeth's on the Upper West Side is 6.8. 'The model is certainly biased. It's certainly flawed. But we judge places by the people who go there [...] This website just puts reductive numbers on the superficial calculations we make every day,' reads the website. LooksMapping ' is more cultural commentary than practical resource,' writes the New York Times , yet, ' its premise speaks to a growing trend of diners prioritizing a restaurant's clientele over its food or atmosphere.' It also reports that 'racial biases in artificial intelligence are baked into the programming.' All of which is to say: One guy looked at 2.8 million reviews and decided the future of dining is Hot or Not, circa 2000. In anticipation of his new restaurant, Cove — the 70-seat restaurant he's rolling out in Hudson Square in the fall — chef Flynn McGarry is hosting a pop-up series in Brookhaven on Long Island. 'Here you can enjoy a five-course meal in their lush garden, with a special tour from McGarry himself, and the option to stay the night at the B&B,' reads the Resy booking, while Emily Sundberg revealed on her Substack that the space is actually Isabella Rossellini's farm. It starts at $264 per ticket which includes five courses, wine or juice pairing, and gratuity. As part of the Summer of Riesling, Terroir Tribeca is hosting its annual Riesling cruise on Tuesday, July 22 from 7 to 10:30 p.m. that departs from the 23rd Street marina. It's $125 for three hours and includes 'a boatload' of Riesling, as well as a Riesling ice luge. (There's also a band and food.)

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