Other notables in the top 10 include Warren Buffett, Mark Zuckerberg and Charles Koch. 8 Safe High-Yield Dividend Stocks Offering 5% or More. Here are nine of the best stocks for rising interest rates. Law professors and podiatrists crack the top 10 jobs with the highest average salaries. Cathy is theson of Truett Cathy, the founder of Chick-fil-A. N.J.'s cost of living is 13.4% higher than the U.S. average, according to C2ER. Chuck Feeney. Overall, Michigan is 7.6% cheaper than the national average, led by lower prices for houses and groceries. The explosion in shale oil drilling has minted many a millionaire in North Dakota over the past decade. Montana's cost of living is 6.7% lower than the national average. The reports authors also said that since the financial crisis, the number of millionaires in the United States has increased by more than 2 million. As of March 2019, here are the world's 13 black billionaires. The Best AI Stocks to Buy for 2021 and Beyond. stocks But there are. ATLANTA, GA America had 534,000 more millionaires in 2018 than it did in the year prior, according to a new report provided to Patch, and New Jersey has nudged out Maryland as the state with. But last year, at least, the good times continued to roll. Helpfully, South Dakota ranks second in the U.S. for fiscal soundness, according to a recent report from George Mason University's Mercatus Center. Taxes can be brutal, too. And as any East Coast traveler can tell you, New Jersey is no longer a place where you can hop off an exit and buy cheap gas. California boasts numerous metro areas including Napa, San Francisco, San Jose and Oxnard that are loaded with wealth. Stephen Bisciotti, owner of the NFL's Baltimore Ravens, is the state's richest citizen with a net worth of $4.4 billion. Blame Hawaii's remoteness, making pretty much everything more expensive than it would be on the mainland. His father, Cuffee Slocum, was a freed slave, and his mother was a Native American named Ruth Moses. . Forbes Magazine released its annual list of billionaires, and 14 Georgia residents made the cut. Nearly one-third of millionaires live in a zip code where home values are below the national median average. Oklahoma has one of the highest combined sales tax rates in the nation, at an average of 8.94%. That's partly due to a median home value of more than $265,700, which is well above the national average. North Carolina has a lot going for it whether you're a millionaire or not. (The highest payment ever was $2,072 in 2015.). Investable assets include education/custodial accounts, individually owned retirement accounts, stocks, options, bonds, mutual funds, managed accounts, hedge funds, structured products, ETFs, cash accounts, annuities and cash value life insurance policies. In 2010, after dozens of major companies failed and America landed in one of the worst recessions in its history, Georgia had 156,94 millionaire households, for a ratio to total households of 4.31 percent. Heck, the cities of Jonesboro and Conway are among the least expensive places to live in the entire country. Steep local income levies make Maryland a decidedly tax-unfriendly state. Total Money Donated so far is $5 million. Income taxes are on the high end because more than 200 school districts and Appanoose County add their own income taxes on top of the state-level tax. 11 Best E-Commerce Stocks for Electrifying Returns. Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. The Tax Foundation's average combined state and local sales tax rate for Washington is the fourth-highest in the country, as is its gas tax. 2023 Cox Media Group. Editors Note: Data has been updated for 2023. Randall Rollins, the chairman of Rollins pest control, had a net worth listed as $3.6 billion. That means everyone's paycheck, whether they're a millionaire or not, goes further than it does elsewhere. He is an American businessman as well as philanthropist. And home prices are a dream compared to what the average American pays. Check out this list of the 10 richest cities in Georgia: 1) Berkeley Lake, GA. wikipedia. Paul Cuffee grew up in Massachusetts as the youngest of 10 children. But today's picture is more pedestrian. 12 (tie). Well-paid jobs in the finance and insurance industries, as well as the presence of major companies like DuPont (DD (opens in new tab)) and AstraZeneca (AZN (opens in new tab)), help fuel an above-average concentration of millionaire households in Delaware. Here are members Forbes list of 2022 billionaires with ties to Georgia: Bernard Marcus, Home Depot, $8.6 billion Jim Kennedy, Cox Enterprises, $7.9 billion Arthur Blank, Home Depot/Atlanta. To start, Social Security benefits are completely exempt. The Empire State of the South is calling. 1. No, it doesn't have the highest concentration of millionaires, but in terms of raw numbers, only California has more than the Lone Star State's 650,216 millionaire households. "While the total number of high-net-worth households grew, these increases were largely seen in the wealthiest states, reinforcing the broader ongoing wealth-gap issues the country faces," says Carl Uttaro, VP of financial services research at Phoenix MI. Tennessee is known for country music, BBQ and bourbon more than an abundance of millionaires, but the state should get more recognition for its affordability. Social Security, military, civil-service, and state and local government pensions are exempt from state income taxes. Property taxes are middle of the road, and the state scores well for fiscal stability, indicating that it will be able to stay tax-friendly in the future. Tiny Easton, Maryland, on the Eastern Shore of Chesapeake Bay, punches well above its weight when it comes to millionaire households, too. New to the top 10 this year was the District of Columbia, which rose nine places to No. 13 Dividend Stocks That Have Paid Investors for 100+ Years. Additionally, Alabama allows folks to deduct their federal income taxes (it's one of just of a handful of states with this break). You can learn more about the top ten below or skip to the end to see the rankings for all 128 places. Minnesota is loaded with giant companies. Median income is higher too, but by a slimmer margin. Alabama is another state where you don't need a million bucks to live well. Although Minnesota affords residents a cost of living that's 2.5% below the national average, median home value (and median income) easily top national levels. However, while the Bay State gets dubbed "Taxachusetts," it's perhaps a little exaggerative. Indeed, Juneau, the state capital, has the third-highest concentration of millionaire households among the country's "micro" areas. The Old Dominion has middle-of-the-road income taxes and relatively low property taxes. It should come as no surprise that a tropical paradise would be a magnet for millionaires. Sales taxes have a broad reach here (and include groceries), but they're generally low. Naturally, Maryland also is one of the most expensive places to live, with a cost of living 18.8% greater than the national average. 33 Major U.S. Companies Hiring Now to Meet Coronavirus Demand. So you can have high confidence that it can keep up with short-term expenses and long-term financial obligations. Indeed, a record 6.71% (or 8,386,508 out of 125,018,808 total U.S. households) can now claim millionaire status. Again, comparatively low home prices lead the way in making the state affordable. Texas has 56 billionaires among its ranks, led by Alice Walton ($55.1 billion) of Walmart (WMT (opens in new tab)) fame. When it comes to where millionaires live in America, the rich keep getting richer. Happily, Alabama is a tax-friendly state, especially as it pertains to retirees. Abigail Johnson, CEO and chairwoman of Boston-based Fidelity Investments, is the state's wealthiest resident with a net worth of $14.1 billion. 4) Skidaway Island, GA. Grant Dawson via Flickr. When people think about Rhode Island and millionaires, Newport and its grand 19th century mansions naturally come to mind. Housing and groceries are particularly affordable. 10 Health and Pharmaceutical Companies Fighting the COVID-19 Coronavirus. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Property tax rates in South Carolina are low too. They are (from least affluent to most affluent): Thompson told Patch there are always changes in how the states are ranked and Marylands slippage doesnt necessarily mean the state has fewer millionaires. Sadly for its residents, the Buckeye State is among Kiplinger's least tax-friendly states. A good deal of Montana's wealth stems from its abundance of natural resources. North Dakota is one of the nation's tax-friendliest states. Arkansas is not tax-friendly. If you have an iPhone, click here to get the free Patch iPhone app; download the free Patch Android app here. Kansas has more than 66,000 millionaire households out of a total of about 1.1 million households, but the state is known more for affordable living than for conspicuous consumption. Senate Rejects Secession Bill + Food Frenzy + Buckhead In Creed III, In-Home Elevator Danger + St. Cecilia: Georgias Best Italian Food, Loudermilk Estate Sells For $8.6 Million + The Atlanta Fair Sets Up, 4wk Salsa Dance Class Tuesdays / 4wk Bachata Class Wednesdays in Atlanta, Customer Service / Office Work / No Weekends, Lottery Application Opens For 2023-2024 Pre-Kindergarten, Buckhead Area Pets Who Need A Home: Meet Kitt, Hank & More. Offsetting that somewhat is the fact that the Sunflower State is not the friendliest place when it comes to taxes. Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University. When you purchase through links on our site, we may earn an affiliate commission. North Carolina has been shaking up its tax structure, switching out graduated income tax brackets for a flat tax and capturing more services with its sales tax. Virginia: 272,103 8.31% 9 Ohio: 261,157 5.54% 10 Massachusetts: 254,201 9.38% 11 Georgia: 239,287 6.07% 12 For those looking to attain millionaire status in Kentucky, the folks with the highest salaries are surgeons, anesthesiologists and obstetricians. Of Atlanta residents with a minimum 10-figure. Although the District of Columbia is a magnet for the highly educated seeking high-powered jobs, the downside is that you need a hefty paycheck to live there. Meanwhile, Sheldon Adelson CEO of casino operator Las Vegas Sands (LVS (opens in new tab)) is the state's richest person with a net worth of $35.7 billion, per Forbes. Median home value is a whopping 62% higher than the national level, but median income is less just 20% greater. Forbes Magazine recently released its list of the 400 richest people in America. Affordability across a wide swath of goods and services has made Memphis, Knoxville and Jackson some of the least expensive places to live in the U.S. More broadly, the state's cost of living is 10.1% below the national average. The First State is a standout among its East Coast neighbors with no sales tax and low property taxes. Year after year, the Old Line State routinely has one of the highest concentrations of millionaire households of any state in the union. The 25 Best Low-Fee Mutual Funds You Can Buy. It's 8.2% less expensive to live in the Tar Heel State than the national average, and Durham is one of the happiest places to live in the U.S., according to the Gallup-Sharecare Well-Being Index. Sales taxes are reasonable, too. Just for good measure, we're also providing important tax and cost-of-living information. And its top tax rate of 6.925% kicks in at a relatively low level. Market research firm Phoenix Marketing International notes that although the total number of millionaire households rose for the 11th straight year in 2019, the gains were disproportionately seen in states that already had more than their fair share of millionaires. Tyler Perry is America's newest billionaire, according to Forbes. As much as Seattle is associated with Washington State, millionaires also can be found outside the Emerald City that Bezos and Gates call home. Florida's new House Bill 991 proposes a laundry list of legal changes that would make it easier for plaintiffs to bring and win defamation cases.It would also weaponize the law to allow the powerful to silence their critics. When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there. State income tax doesn't exist; in fact, the government actually pays residents. Median income for all households is below the U.S. level, and yet home prices are well above the national median. Ted Turner, 60Net Worth: $2.2 Billion Flickr Robin Norln Turner spent a good chunk of his life as the Vice Chairman of Time Warner Inc. Position: Name: Assets(in billions of dollar) World position: Source: 1: Giovanni Ferrero & family: 25,2: 30: Ferrero: 2: Leonardo Del Vecchio & family: 17,9: 37: But paradise doesn't come cheap. However, it remains to be seen what happens to their ranks amid an historic crash in oil prices. Finding the best ETFs to buy in a high-inflation environment can seem like a tall task, but these five picks are a good place to start. Axelle/Bauer-Griffin/FilmMagic Psychiatrists, dentists and CEOs are among the folks earning the highest salaries. Kapaa, on Hawaii's fourth-largest island of Kauai, and Honolulu have two of the highest concentrations of millionaire households in the U.S. According to Forbes Magazine,Bubba serves as Chick-fil-A's executive vice president and is president of the company's Georgia-based Dwarf House and Truett's Grill. The Peace Garden State offers modest sales taxes that favor agriculture, and it has cut income taxes to the point that they barely exist. But it's worth noting that the city of Wilmington taxes wages of everyone who lives or works there at 1.25%. But wait, there's more. To top it off, the cost of living is 9.4% lower than the U.S. average, while median income is higher than the national level. Farther south, the state capital of Trenton and its metro area that includes tony Princeton has plenty of millionaires, as well. Maryland's 23 counties and Baltimore City have income taxes ranging from 1.75% to 3.20% of taxable income on top of the state's take. But last year, at least, the good times continued to roll. Taxes are rough, too. The top white 1% households have a median net worth of $8.3 . Chris Kolmar has been in the real estate business for almost ten years now. You can download the data here. Nationwide, the number of U.S. households with more than $1 million in assets rose to 7.7 million in 2018, according to the report. Six out of 10 millionaires live in a house valued under $500,000. 15 Dividend Kings for Decades of Dividend Growth. Although Virginia's D.C. suburbs are among the more expensive places to live in the U.S., the state as a whole isn't unaffordable. 1 That's rightthe vast majority of millionaires never received a penny from their parents and are first-generation millionaires who come from middle class or lower-middle class families. A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. Tiny Oak Harbor, Washington, has one of the highest concentrations of millionaires of any small town in America. Acts of conspicuous consumption, on the other hand, can rack up payments to local authorities. Although the Grand Canyon State does have an income tax, the rates are notably low. Marcus co-founded Home Depot and was the company's first CEO; he served as Chairman of the Board until retiring in 2002. 4. 11 Small-Cap Stocks Analysts Love the Most. Just 40 percent of the 140 million tax returns filed in 2009 represented married couples. The cost of living is 48% higher than what the average American pays. Folks also save on utilities and groceries. The world's richest person, as calculated by Bloomberg, is no surprise: It's Amazon's founder Jeff Bezos. The 2019 dividend was $1,606. But if you're a retiree, Georgia's taxes aren't nearly so onerous. Yet outside of Los Alamos, the state's concentration of millionaires puts it in the bottom 10 in the U.S. New Mexico is a land of stark contrasts when it comes to its millionaire population. Another ray of sunshine: Property taxes as a percentage of home value are the lowest in the U.S. Ebay (EBAY (opens in new tab)) founder Pierre Omidyar, with a net worth of $15.3 billion, is the state's wealthiest person. More broadly, median home prices are higher than the national level, while median income is below the national level. UnitedHealth Group (UNH (opens in new tab)), 3M (MMM (opens in new tab)), Target (TGT (opens in new tab)) and General Mills (GIS (opens in new tab)) are just a few of the major firms headquartered there. Naples is one of the more inviting high-end places in Florida and is one of the most popular homes of millionaires in the state. Idaho taxes all income except Social Security and Railroad Retirement benefits. When you click through real estate links on our site, we earn an affiliate commission. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. The downside is that folks there need higher incomes; everything costs more in Alaska because it's so remote. Needless to say, New York's taxes are tough on retirees too. Oil wealth is what gives Alaska its high percentage of millionaires. You can find out more about him on LinkedIn or his website. The list below (Source: WSJ / Phoenix Marketing International) shows the number of households with at least $1 million to invest per state. She has the largest controlling interest in her father's business. 24 Dividend Cuts and Suspensions Chalked Up to the Coronavirus. There are nearly 22 million people in the U.S. with enough assets to fit the definition, according to a 2021 study by Credit Suisse. While many of its residents are moderately wealthy, the Bay State is also home to some of the richest people in America, including billionaires Abigail Johnson, the CEO of mutual fund corporation Fidelity Investments, and Robert Kraft, CEO of Kraft Group and the owner of the New England Patriots NFL team. In the United States, the median wealth of an American Household was $121,700 in 2020, and more than double that for people aged 65 to 74. Millionaires and other residents deal with some annoyingly high taxes, however. For the record, Maine's richest resident is Susan Alfond, according to Forbes. Property taxes are the second-lowest in the country, and all homeowners age 65 or older are exempt from state property taxes. That makes it easier for everyone along the wage scale to put a roof over their heads. ATLANTA A new list is out tracking the world's 500 richest people. The flip side is that Tennessee has the highest combined sales-tax rate in the nation, according to the Tax Foundation. And high taxes don't help matters. Buckhead Atlanta's Buckhead is a vibrant, . Residents can exclude up to $10,000 per person ($20,000 per couple) of other types of retirement income. By Jeff Reeves The tax on gasoline also is one of the country's lowest. In Rhode Island, residents pay an average $1,723 in taxes per $100,000 of assessed home value. Louisiana's 90,000 millionaires, whose income depends on the state's economic staples, are likely to be feeling a pinch. . How does your net worth compare to the fortunes of the wealthiest people in Georgia? How many millionaires are in America and where do they live? South Dakota is better known for Mount Rushmore, agriculture and the great outdoors than millionaires. Senators and Representatives (Personal Gain Index) . From Hilton Head Island to the Midlands region to the Blue Ridge Mountains, South Carolina has something for everyone. Like we said earlier, when we set out to identify the richest places in Georgia, we werent sure what wed encounter, but it ended up being some of the best places to live in Georgia. But there are some locals who made the list. Larry Ellison, founder of Oracle (ORCL (opens in new tab)), is the state's richest person with a net worth of $66.7 billion. New Hampshire's high concentration of millionaires hinges on Concord and Laconia. Through his business activities with the Kazakh fintech firm KASPI, Mr. Lomtadze amassed an estimated fortune of $3.8 billion. With a cost of living 7% lower than the national average, a million dollars goes a bit further in the Peach State than elsewhere. North Carolina's tax situation is just so-so. The heir to the Dexter Shoe Company has a net worth of $1.5 billion. But for more modest incomes, the impact is far milder. State Millionaire households Millionaires as share of all households; Georgia: 200,395: 5.20% New Hampshire: 39,209: 7.36%: Oregon: 89,383: 5.45%: Wyoming: 14,989: 6.24%: What percentile is 6 million worth? By using this website, you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices. SECURE 2.0 Act Lets Retirees Defer Some Taxes Longer, Stock Market Today: Stocks End Mixed After Fed Minutes, Stock Market Today: Dow Dives 697 Points After Home Depot Revenue Miss, Stock Market Today: Stocks Close Mostly Lower Amid Rate-Hike Worries, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, according to the U.S. Bureau of Economic Analysis. Manhattan and Brooklyn are the first- and fourth-most expensive places to live in the country at a whopping 145.7% above the U.S. average. Indeed, an hour's drive north of Walt Disney World, you'll find The Villages, a sprawling retirement haven with a high percentage of affluent residents. Sales taxes are high (and are applied to groceries), and property taxes are steep, too. Gardnerville Ranchos and Elko, Nevada, are among the top 20 small towns with the highest concentration of millionaires in the U.S. Unhappily, taxes and expenses in the Ocean State are on the high side too. Michigan doesn't have the highest concentration of millionaires in the country, but it is certainly well-stocked with billionaires. At the other end of the spectrum, Michigan is home to one of the least expensive places to live in the U.S. Within the state, you're most likely to find millionaires living in the Phoenix-Mesa-Scottsdale metro area. Housing costs in Ohio are relatively low, but the state's average property tax bill isn't. And property taxes, particularly in Detroit, are steep. Might we suggest a job in healthcare in our number one richest city? (Image: Atlanta Business Chronicle ) There are about 62.5 million millionaires globally, a 11.4% increase from 2020. 1. Now, not every city on our top ten richest cities in Georgia for 2023 can compare to Augusta, there are a ton of wealthy Georgia peaches on this list that definitely know how to roll out the bourgeois southern charm.To create this list, we asked ourselves, what is important to rich people? Similar Facebook posts have circulated at least since 2011, but we wanted to . Not only does Oklahoma boast a cost of living that's 11.6% below the national average, but its largest city offers remarkably affordable prices for its size. The Facebook post says that 50% of Congress is made up of millionaires, compared with only 1% of America as a whole. New Hampshire residents also don't pay too much state tax at the pump. From the greater Boston area to the tip of Cape Cod, Massachusetts has more than its fair share of millionaire households. As befits a place that pumps a lot of oil out of the ground, fuel taxes are low. Even groceries are taxed (albeit at a lower rate). According to the table there are 163,144 millionaires in Georgia, which is down some 7,000 millionaires from 2012. As with Virginia, that's partly thanks to its Washington, D.C., suburbs, but the pull of the nation's capital can't take all the credit. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Here's a look at the millionaire rankings for all 50 states (plus the District of Columbia), based on the percentage of millionaire households in each. Anesthesiologists, psychiatrists and other medical specialties are among the state's best-paid jobs. While In Atlanta, they met Mercedes Millionaire who loved their show so much she actually became part of the . No wonder Massachusetts has a cost of living 22% higher than the national average, according to C2ER. Oral and maxillofacial surgeons make an average of $280,940. Taxable income over $40,000 is taxed at a steep 6.5% tax rate (the top rate of 8.95% is reserved for taxable income over $1,000,000). To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. This station is part of Cox Media Group Television. 50 Top Stock Picks That Billionaires Love. Manage Settings Georgia's tax brackets mean that many taxpayers will find themselves paying the top marginal rate, which kicks in at just $10,000 of taxable income for married couples filing jointly or $7,000 for individual filers. A total of 12 billionaires live in Atlanta with a combined net worth of $55.1 billion. If you're a joint filer, you won't hit the top bracket until your income is over $318,000. The Empire State's average sales tax rate is the 10th-highest in the country. His net worth is an astounding $110 billion. Concentration of millionaires: 7.2% Median income for all households: $63,032 (U.S.: $61,937) Median home value: $231,100 (U.S.: $229,700) The Hudson, New York, micro area has emerged as an. Were just going to leave this right here: if youre the home to The Masters golf tournament, you better believe you house some crazy rich cities. Illinois has a higher concentration of millionaires than the national average, and a million bucks goes a bit farther in the Prairie State than it does in much of the rest of the country. In addition to medicine, top-paying jobs are found in general internal medicine, engineering management and psychiatry. In this article, you will find the top wealthiest people in Alabama state. 20 Best Stocks to Buy for the Next Bull Market. As a no-income-tax haven, Nevada is one of Kiplinger's most tax-friendly states. Retirees will be happy to know that the tax on Social Security income is in the process of being phased out over a three-year period. More than 6.4% of Pennsylvania's 5 million-plus households have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships. Well, a couple of things have to fall into place for you. Here are 10 jobs that often have lucrative advancement opportunities, a factor that can help you become a millionaire in time: 1. Helpfully, the Show Me State no longer taxes Social Security benefits for many taxpayers. Of the 3.8 million households, there are 211,662 millionaire households in the state, which means about 5% of Georgians are millionaires. Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more. But what makes Minnesota really stand out is that its lowest income tax rate is 5.35%. Alaska is among the most tax-friendly states in the country. New York, Published 24 January 23. recession The state's cost of living is 3% higher than the national average, according to the BEA. In a notable downside for retirees of all means: Missouri ranks 39th in the nation for senior health, according to America's Health Rankings (opens in new tab). And rents and mortgages are closing in on triple the national average, making D.C. one of the most expensive cities in the U.S. 10 Best Value Stocks for Gritting Out the Downturn. Utah is the first of our states to cross the 7% plateau for concentration of millionaire households. John Overdeck, founder of Two Sigma Investments hedge fund, is the wealthiest person in N.J. with a net worth of $6.1 billion, according to Forbes. Income is close to national levels, but house prices are well below. The state also is home to nine billionaires. In the list, it says CNN creatorTed Turner has net worth of $2.1 billion. Here are the 27 billionaires from Dallas-Fort Worth that Forbes highlighted in its report, along with their estimated net worth: Alice Walton, $61.8 billion: Daughter of Walmart founder Sam Walton. The Forbes list of billionaires now includes two citizens of Georgia. South Carolina is one of Kiplinger's most tax-friendly states for retirees, and one of our most tax-friendly states overall. If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Florida's popularity as a retirement destination helps boost its concentration of millionaires. Ray Dalio, founder of hedge fund Bridgewater Associates, tops the state's rich list with a net worth estimated at $18 billion. Low costs are great, but there's not as much to like when it comes to paying taxes. Other notables in the top 10 include Warren Buffett, Mark Zuckerberg and Charles Koch. While the Hoosier State exempts Social Security benefits and offers limited exemptions for military pensions and federal civil-service pensions, IRAs, 401(k) plans and private pensions are fully taxable. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again.