Jason Brown, founder of The Brown Report, encourages Black Americans to prioritize financial education and redefine retirement as financial independence rather than a fixed age. He stresses the importance of understanding personal finances to overcome systemic barriers and build long-term wealth.
Tag: retirement savings
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Financial Literacy for Teens: How to Mold Savvy Spenders
September 9, 2024 Photo: milkos via 123RF Financial literacy is more important than ever. Because everything is digital, it’s easier to ignore the realities of your financial situation and avoid learning about financial best practices. Help your teen start off on the right foot with some basic education about personal finances. Bank Accounts A bank […]
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Year-end tax resolutions to make your new year bright
The best tax-planning resolutions, however, might be the ones we complete before Jan. 1. Leading up to the new year, consider these timely money moves, which could help increase your tax refund or reduce the amount you’ll owe. Boost your retirement savings If you have a 401(k) plan through an employer, consider increasing your contribution. […]
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Set up for success: putting children on the payroll
By Megan SaylesAFRO Business Writermsayles@afro.com It’s common for young adults to start thinking about retirement plans once they begin working full-time. But saving can start much earlier, especially if parents hire their children. Investment brokerages allow parents and legal guardians to open Roth Individual Retirement Accounts (IRAs) on behalf of their children no matter their […]