Tag archives: finance
High inflation, risk of recession, war in Europe, a crypto meltdown, and interest rate increases pushed stocks into a bear market (down over 20% from peak) in Q2 2022 – Bond markets continued the worst drawdown on record, hammered by inflation and higher rates – Diversified portfolios slammed by simultaneous declines in asset classes Market […]
A warm, inviting atmosphere greets clients who step into the financial planning office of Hannah Buschbom ’10 in downtown Santa Barbara. This welcoming space has witnessed many empowering conversations, especially with women. As a wealth adviser with multiple certifications, Hannah assists those navigating significant transitions in life. As co-founder of the W Source, an organization […]
Conner Rehage, President and CEO of Harbor Hills Financial Advisors, has recently opened a branch of his company in Montecito’s upper village; the office is the second location for the locally-grown business. “I’ve always wanted to be here in Montecito, as I’ve been involved in the community for many years,” Rehage said during a recent […]
The financial fuel that makes nonprofits go – from earned income, government funding, private donors, and foundations – will be suppressed for months and maybe several years. Meanwhile front-line organizations are facing more need than ever, with so many people out of work. If you’re someone who cares deeply for one or more nonprofit organizations […]
I am pleased to share joint authorship today with my good friend, Attorney Jan Larson. Coincidentally, she and her husband, Rock Rockenbach, soon will be moving back to Montecito. Jan and I both represent policy holders against insurance companies. In this article, we discuss how first party property insurance policies should be examined to determine […]
A Westmont College-hosted talk in February by Nobel Prize winner Daniel Kahneman spoke to the increasing awareness of behavioral economics. Kahneman won the prize in 2002 for his creation of the prospect theory: the concept that investors feel the pain of losses much more than the joy of gains. This echoed a similar sentiment from […]
A new Federal law passed in December has made sweeping changes to the retirement plans used by most Americans. The SECURE (Setting Up Every Community for Retirement Enhancement) Act brings with it many benefits, including pushing back the mandatory retirement distribution age for IRAs, but the cost is the removal of the popular “stretch IRA” […]
Paul and Jane Orfalea recently had the honor to meet one-on-one with President Barack Obama to discuss possible future philanthropic partnerships. “He’s my favorite of all the Presidents,” says Paul. “He’s a real gentleman.” “We were both very impressed by his candor and commitment,” says Jane. “Everything we asked, he answered, and very frankly.” Obama […]
Making money and living a conscious life are not mortal enemies. So suggests May McCarthy, who over the last 35 years has founded and grown seven profitable companies, in a variety of industries including fashion retail, telecommunications, healthcare software, and capital equipment, that employs 250 people and bring in more than $100 million in annual […]
