Chaos Theory

by Bill Parrott on

I don't like chaos. My anxiety, stress, and blood pressure all rise as it increases. Yet, I work in an industry that thrives on it as thousands of experts analyze millions of data points to try and answer a single question, like, will stocks rise today? Finding one answer is impossible because any...

Only You

by Bill Parrott on
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Smokey the Bear is a firefighting hero. The US Forest Service and Ad Council created the campaign in 1944, and 96% of adults recognize Smokey Bear and his catchphrase, "Only YOU can prevent wildfires!"[1] According to the National Park Service, humans cause nearly 85% of wildfires in the United...

Are Bonds Safe?

by Bill Parrott on
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I like bonds, but I'm struggling with their long-term performance. Bonds are inversely related to the direction of interest rates; when rates rise, prices fall like a see-saw in a park, and since the Federal Reserve started raising interest rates in 2022, the one-month US Treasury Bill rate has...

One Bad Mistake

by Bill Parrott on
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Bill Buckner committed one of the worst errors in baseball history. During game six of the 1986 World Series, the Boston Red Sox led the New York Mets three games to two. In extra innings, a ground ball went through his legs, allowing the winning run to score. The Mets would go on to win the game...

College Tuition

by Bill Parrott on
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College tuition keeps rising, with inflation rates averaging about 6% to 8% yearly. The average annual cost for a public university is $27,940, and for a private school, it is $57,750. It's not cheap!

What are your options for paying tuition or reducing your college costs? Let's review a few...

Is 300 A Perfect Credit Score?

by Bill Parrott on
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FICO scores range from 850 to 300 - exceptional to poor. Of course, if you tried to get a bank loan with a credit score of 300, you'd be laughed out of the lobby. So why is 300 a perfect credit score? Let's look at some data to answer this question.

The key inputs to your credit score include...

How do you compare?

by Bill Parrott on
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Comparison is a killer. Occasionally, someone will ask me how they financially compare to others in their field or demographic. They want to know if they're wealthier than their peers, and it's usually an attorney. At our firm, we say there are no good plans or bad plans, just your plan. Theodore...

Retirement Woes

by Bill Parrott on
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Google News posted articles from CNN, Yahoo! Finance, The Motley Fool, and The Daily Wire about retirement woes.

CNN reported that individuals continue withdrawing from their 401(k) plans, and according to Yahoo! Finance, 41% of US employees cashed out a portion of their accounts, and 85% took...

It's Complicated

by Bill Parrott on

Complicated investment strategies attract attention because investors want to get rich quickly or impress their friends. Complexity is another word for job security on Wall Street. Options and hedge fund strategies are intricate and convoluted products requiring multiple disclosures and hours of...

My wife and I recently celebrated our 30th wedding anniversary, thirty years of marital bliss. We were young and naïve at first, but we've navigated our journey well, and so far, so good. We started in California, traveled through Connecticut, and landed in Texas. We've touched three coasts; who...

Financial Storms

by Bill Parrott on

Mountain storms are extraordinary, powerful, and frightening. Last week, my wife and I experienced an incredible lightning show in Vail, Colorado. The lightning lit up the sky, and the thunder reverberated through the valley. It was quite the display of nature. However, the sun shone the next day...

Vail's Legendary Back Bowls

by Bill Parrott on
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Vail is massive. The skiable terrain is 5,317 acres, 195 runs, 32 ski lifts, and a vertical rise of 3,450 feet! From Vail Village, the mountain looks immense, and it is, but it only tells part of the story because more than fifty percent of the ski resort is in the back bowls, which you can only see...