Learning how to manage your finances through credit cards, HSAs, joint checking accounts, and budgeting apps teaches you accountability, compromise, and patience, helping you navigate the confusing world of finance and master the art of being a grown-up.
Tag: 401
Posted inFinancials
Exploring alternative paths to security in retirement
As traditional retirement options like pensions and workplace plans become less accessible for many, some Americans are exploring real estate, entrepreneurship and other nontraditional paths to build financial security in their later years.
Posted inFinancials
The retirement gap: Why Black Americans face an uphill battle in saving for the futureÂ
Despite working for decades, many Black Americans reach retirement with significantly less savings than their White counterparts. A 2024 study finds that unequal access to employer-sponsored plans, lower wages and greater economic hardships have fueled this growing racial retirement gap.
Posted inBaltimore News
Transforming market downturns into opportunities for retirement
In the wake of market volatility, Engage Wealth CEO Byron Deese urges near-retirees and young professionals to reassess their retirement strategies. From 401(k) reallocation to Roth IRA options, real estate and diversified investments, Deese highlights practical steps to protect and grow retirement savings during uncertain times.
Posted inBUSINESS
Money matters: How to be smart about saving
Certified financial planner Nicolas Abrams advises savers to be strategic by aligning their savings with specific goals rather than relying on a one-size-fits-all approach. This week, he emphasizes the importance of choosing the right accounts—whether for retirement, homeownership or education—to ensure their money is working efficiently.
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.