She and her husband have a conservative investment strategy, with about half their assets in stocks, a third in cash, and the rest in bonds.
Kamala Harris and her husband Doug Emhoff’s investment portfolio reflects prudent financial management. The couple avoided excessive risks, maintaining a stable and secure financial position.
In 2023, Harris and Emhoff together earned approximately $450,299, according to their joint tax returns. Harris earned $218,784 as vice president, while Emhoff, a professor at Georgetown University Law Center, earned $174,994. About $6,000 came from royalties from Harris’ books, including proceeds from the book "The Truths We Hold," published in 2019. They also received $50,603 in taxable interest on bank accounts and other investments.
Their income is significantly lower than before Harris became vice president. Emhoff, who was a partner at law firm DLA Piper, left the business in August 2020, earning more than $1.2 million in 2020. Harris, meanwhile, made significant profits from his books, published in 2019, accumulating a total of $749,484 since 2020.
The couple’s assets are estimated at between 3.6 million and 7.36 million dollars. A significant portion of this wealth is held in retirement accounts. They have between $850,000 and $1.7 million spread across four bank accounts, one of which they shared with a balance of between $50,001 and $100,000. They also have between $1.79 million and $4.4 million in retirement accounts, not including the retirement benefits Harris accumulated during her service in California.
Emhoff holds two individual retirement accounts with a combined total of between $1.27 million and $3.19 million. Harris has 401(k) accounts worth between $525,000 and $1.25 million. These values are comparable to the average of Americans between the ages of 55 and 64, who have retirement savings of about $537,560, according to the Federal Reserve.
The couple adopts a rather conservative investment strategy, with about half their assets in stocks, a third in cash, and the rest in bonds. They have a broadly diversified portfolio that includes several low-cost index funds. Harris also has access to pensions that many Americans do not have. At age 60, he will be entitled to $3,981 a month from the California state pension plan. Additionally, he has a second pension from the San Francisco Employees’ Retirement System, valued at between $250,001 and $500,000.
In 2023, the couple donated $23,026 in charitable contributions. Their largest donations went to two colleges in California and Howard University. They also contributed to six nonprofit and faith-based organizations, demonstrating an ongoing commitment to supporting local communities and education.
Kamala Harris and Doug Emhoff own a 3,500-square-foot home in Los Angeles, located in the Brentwood area. Emhoff purchased the home in 2012 for about $2.7 million, and ownership was later transferred to the family trust. Thanks to home price appreciation in recent years, the home is now valued at around $5 million.
Like many American homeowners, the couple benefited from the low interest rates that led many to refinance during the pandemic. They obtained a $2 million seven-year adjustable rate mortgage with a rate of 2.625% from Wells Fargo in 2020, a refinance of their previous seven-year adjustable rate mortgage from 2016, also with a rate of 2.625%.
Original article published on Money.it Italy 2024-07-24 15:30:00. Original title: Ecco come investe Kamala Harris. Tutti i dettagli
