Save Some Money

Perhaps you missed the press release, but February 21-28, 2010 is America Saves Week.  As did I, you may ask yourself, what’s this and why should I care?  For me, it only took one glance at my not-so-much savings account for me to want more information. 
I work best saving money when I don’t know I’m [...]

Get Your (Financial) Papers in Order

Motley Fool features a great article on making sure you have your financial, medical, and personal papers in order.
God forbid your life ends prematurely.  But would your loved ones have a clue as to what your financial or medical wishes are?  Of if you become incapacitated for awhile, who is going to handle your [...]

Don’t Hate on Your 401(k)

You would think that tax-free contributions to your 401(k) would mean nothing but love. Unfortunately, we avoid opening 401(k) statements like a crazy ex. Kiplinger suggests we show a little tender loving care to our “not once what it was” 401(k) accounts.

Pitfalls of a 401(k) Loan

Kiplinger:  Before dipping into your 401(k), you will need to understand the possible implications. You could face taxes and penalties, as well as the loss of compounded growth of your retirement savings.  Rules vary by employer, but most individuals can gain access to their 401(k)s by taking either a loan or a “hardship withdrawal.” About [...]

Saving Early for Your Retirement

In your 20s, retirement is a bit like global warming. You know the day of reckoning will come, but it’s still decades away. But those years have a way of creeping up on you. Better to develop good saving habits now than to be staring down the barrel of 50 with just your collection of [...]

Blacks Lag in Retirement Savings

Black Enterprise: African Americans save far less each month and have considerably smaller nest eggs than their white counterparts, according to a recent survey.  The 11th annual Ariel/Schwab Black Investor Survey, sponsored by Ariel Investments L.L.C. and the Charles Schwab Corp., found that saving for retirement does not resonate in the same way for blacks [...]

In Your 30s, Think About Your 60s

The more years invested in retirement savings, the better.  By Donald Jay Korn – Black Enterprise.  Read More.