Today, Mellody Hobson provides tips on how to save at the grocery store. — The USDA says grocery prices may rise as much as 4% this year. Last year’s drought led to a grass- and corn-feed shortage, resulting in higher prices for beef, poultry and grain-related products. So unless you plan to stick to that […]
It’s a new year and Mellody Hobson is here to get us in shape financially for 2013. — So we avoided the fiscal cliff but there are other things in store for us in 2013 and I want you to be prepared. First of all, certain popular items are going to cost more. For starters, […]
LOS ANGELES (AP) — “Star Wars” creator George Lucas is engaged. A spokeswoman for Lucasfilm Ltd. says the 68-year-old director is engaged to 43-year-old investment firm president Mellody Hobson. No other details were provided. Hobson serves as chairman of DreamWorks Animation and is a financial contributor to ABC’s “Good Morning America.” Lucas helped to launch […]
Today, Mellody Hobson talks about kids and credit cards. — I need you to hear me out on this: I think that parents should open credit cards for their kids when they are just sixteen years old. Credit cards are a weapon of mass destruction if they aren’t used correctly. Sixteen coincides with other big […]
A lot of people know that Ben Bernanke is the Chairman of the Federal Reserve, but what does that mean? What is his job and why is it so important? Here’s the sneaky truth—probably not all that many people really understand his job, and maybe we’re all afraid to admit it. But we shouldn’t be. […]
Today’s questions from TJMS listeners address tax filing and dependents. — If you’re filing taxes with dependents, why not wait until April? Although we file taxes in April, we pay taxes year-round. Last year each dependent was worth a $3,700 exemption—and if you can claim a dependent, that could alter your paycheck withholding status. In […]
Filmmaker George Lucas appears to be moving forward with plans to build low-income housing on the Marin County property where he originally proposed erecting a new film studio. Lucas abandoned the studio plans last month following opposition from some neighbors who complained about its size and raised concerns about traffic. But the San Francisco Chronicle […]
I’d like to make sure that my daughter doesn’t accumulate the same amount debt from attending college when she gets older that many people in my family have. Should I be investing in a 529 on her behalf? Erika – Chicago, Illinois In layman’s terms, 529 plans are simply investment accounts where your money can […]
There is absolutely no way that I will have all my stuff together in order to file on-time. What do I need to know in order to get an extension? And are extensions to extensions a possibility, just in case? Wayne— Las Vegas, NV I think this question is fascinating because we may have found […]
Mellody Hobson is president of Ariel Investments, a Chicago based money management firm that serves institutional clients through separately managed accounts as well as individual investors and 401(k) plans through its no load mutual funds. As president, Mellody is responsible for firm wide management and strategic planning, overseeing all operations outside of research and portfolio […]
