MVLS advises older homeowners to have open and honest conversations with their families about the potential impact of a reverse mortgage on their heirs, as it can leave them with no choice but to pay off the loan or surrender the home after the homeowner’s passing.
Category: Money
Posted inSponsored Content
WHAT EVERY BUSINESS NEEDS TO KNOW ABOUT PAYMENTS FRAUD
Small businesses are increasingly vulnerable to fraud, with 80% of organizations surveyed reporting being the targets of actual or attempted fraud attacks in 2023, and PNC is committed to delivering fraud mitigation solutions to help protect small businesses from various forms of fraud.
Sponsored
How to take action and help protect older adults from scams
Sponsored by JPMorganChase Anyone can be a victim of scams. They happen when scammers go after individuals of all ages, using tactics like phone calls, emails and messages to reel in unsuspecting victims to get to their money and personal information. Older adults are often key targets and it is important to stay alert to […]
Posted inCommentary
Biden’s anti-NAFTA moment is here
The Biden-Harris administration is implementing a bold trade policy to ensure America leads the clean energy economy of the 21st century, investing in domestic manufacturing and creating a green jobs boom, while protecting American jobs from Chinese competition.
Posted inSponsored
Beyond Rent: How Owning a Home Builds Equity and Financial Security
Homeownership offers a multitude of advantages, including building equity, financial benefits, stability, flexibility, a sense of achievement, and long-term wealth building, making it a cornerstone of personal and financial well-being.
Posted inMoney
The cost of being a woman: A $1.6 trillion yearly wage gap
The gender wage gap persists, with Black, Latina, and Indigenous women losing $1.6 trillion annually due to the wage gap, which is compounded by racial and gender discrimination, occupational segregation, and reproductive justice.
Posted inCommentary
Transferring generational wealth: Don’t leave it to the law
Estate planning can help Black Baltimoreans secure and transfer generational wealth, and can be used to define your care if you are no longer able to make decisions for yourself, and to avoid property transfer fees and taxes.
Posted inBUSINESS
Building healthy financial habits: It’s never too early to learn
Alexis Taylor, AFRO Managing Editor, shares her lessons learned about money over the years, including the importance of knowing your worth and sharing stories of financial failure to help others avoid the same mistakes.
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Chase to Bring ‘The Experience’ to D.C. Business Owners on May 8
Chase for Business is hosting a complimentary, all-day expo in Washington, D.C. to provide local business owners with best practices to help grow their business.
Posted inBUSINESS
Investing 101: Schelo Collier, founder of Black Women Invest, speaks on making your money grow
Black Women Invest founder Schelo D. Collier believes investing is key to the Black community building wealth, and offers advice on how to start investing, avoid common misconceptions, and reduce risk.
Posted inAfro Briefs
A time to plan: You have your college refund– now what?
A refund check is received when a student at a college or university has loan money or financial aid funds left over after paying for a semester, with the amount ranging from a few hundred to a few thousand.
Posted inD.C. Community, Living, Money, Washington D.C. News
Experts say solutions needed for D.C.’s child care crisis
A recent report by Under 3 DC warns of the lack of affordable child care in D.C., which is costing parents $250 million per year due to damaging impacts on productivity, negative actions by employers, and an inability to advance in careers.
