Tom and John Mills are registered investment advisers and certified financial planners. Reach them at 254-0155, MillsWealth.com.
My first job after high school was at a car dealership. A friend of mine was working there and said the manager allowed the college kids to study on the job. This was a dream situation for a college kid.
In the first quarter of 2018, the refinance share of home loan applications in the U.S. fell to 40 percent, the lowest in 10 years. Higher mortgage rates had reduced demand for refinances.
The stock market remains high. The current indexes remain volatile. These facts are making many investors nervous. Some investors are anticipating a dramatic market correction.
Life is full of big decisions. These decisions may include things like a college major, who to marry or not marry, career options, where to live, or even about rather simple things like where to vacation.
Last year, Forbes reported that parents spent an average of $495 per child for Christmas. That number surprised me and was confirmation that many of us have lost touch with what the holidays are supposed to be.
Several years ago, John and I were approached by a client and business owner with the following comment, “I want to close our 401(k) plan.”
Napa Valley has taken some hits on the chin over the years, and these fires are posing another challenge. We have been through flooding and earthquakes but, I don’t know if Napa has ever had fires like this.
A few years ago, a University of Chicago professor interviewed a financial columnist via online video chat. After their conversation, the professor wrote on a three-by-five index card what he thought was the best advice he could offer his children.
“Doomsday preppers” are often met with scorn. The zealous way they prepare for the “end of times” makes them seem a little crazy. Then an event like Hurricane Harvey happens and insanity becomes genius.
John Bogle, the legendary founder of Vanguard group, is full of wisdom. I often listen to or read his interviews to sift out the pearls. There are many.
A few weeks ago, I received a call from a mother in distress. This mother was filling out an FAFSA, which is a government application to apply for federal aid to help pay for college.
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You’ve done it! You hit the jackpot. You won the lottery and are an instant millionaire. Or maybe you hit it big with an invention, got a substantial inheritance, sold a business or got a divorce settlement.
One of the many things I want to teach my children is how to manage money. I have seen many financial mistakes young people make and some of them are life disabling.
When I read tragic stories in the news, the planner in me always wonders how those involved will be affected financially. I wonder if they are prepared or have the proper insurance coverage.
Once upon a time, a particular government desired to introduce the potato to its population hoping the cheap and abundant starch would help feed many malnourished. The population didn’t like it.