6 Ways to Help Your Aging Parents With Investments
Talking about finances is rarely easy, and it can be even more difficult when you need to have this conversation with your aging parents. Regardless of whether they’ve shown signs of mental decline, if you don’t know what they’ve done with their money, you won’t be able to help them manage their affairs when it’s needed. Like everything that causes seniors to lose their independence, this talk must be handled tactfully.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
