Budgeting and Financial Planning
Is an Annuity Right for You?
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July 5, 2022
Is an annuity right for you? One of Americans’ biggest fears is running out of money in retirement. In fact, one survey says that 40 percent of Americans fear retirement more than death.
It makes sense, then, that people who have the benefit of guaranteed lifetime income are more confident about a successful retirement.
Hello, I'm
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.
