Articles

Medicare

Happy Birthday, Medicare!

Rodney Brooks
|
November 4, 2021

More than 50 years ago, on July 30, 1965, President Lyndon Johnson signed Medicare into law, saying at the time, “I’ll spend the goddamn money,” he said. “I may cu […]

Uncategorized

End the "Paper Chase" of Financial Records

Rodney Brooks
|
November 4, 2021

Mitchell Katz, partner at CA Wealth Management in Bethesda, Maryland, said one reason he and other financial advisors are so busy is because people were stuck home during the p […]

Budgeting and Financial Planning

6 Ways to Help Your Aging Parents With Investments

James Royal
|
November 4, 2021

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 s […]

Retirement Living

What Are Unclaimed Retirement Benefits and How to Find Them

Rodney Brooks
|
October 22, 2021

Baby boomers have worked an average of 12 jobs, according to the U.S. Bureau of Labor Statistics. During each job change, retirement accounts can get lost in the shuffle. Event […]

Retirement Living

What Are Unclaimed Retirement Benefits and How to Find Them

Rodney Brooks
|
October 22, 2021

Baby boomers have worked an average of 12 jobs, according to the U.S. Bureau of Labor Statistics. During each job change, retirement accounts can get lost in the shuffle. Event […]

Retirement and 401(k)

Mega Backdoor Roths: How They Work in 2021

Rodney Brooks
|
October 4, 2021

If you like the idea of a Roth, then you’re going to love the supersize version, known as a mega backdoor Roth.

If fortune smiles on you, this strategy could allow […]

Retirement Living

The Future of Social Security

Rodney Brooks
|
September 24, 2021

Social Security paid more than $1 trillion in benefits to 65 million recipients in 2020. Since 2010, the system has been bringing in less revenue than it pays out in benefits a […]

Uncategorized

Starting a Retirement Business?

Rodney Brooks
|
September 13, 2021

It’s a big deal anytime someone decides to start a business, but it’s an especially big deal if you decide to do it after you retire.

“I applaud the effort of p […]

Retirement Living

Checklist for Handling the Death of a Spouse

Rodney Brooks
|
August 13, 2021

When your spouse dies, their affairs need to be set in order. You might find yourself planning a funeral,  […]

Retirement Living

“Gray” Divorce

Rodney Brooks
|
August 9, 2021

Here’s a familiar “grey divorce” scenario – almost.

The couple came to financial planner Beau Henderson’s office after the husband was offered an early reti […]

Retirement Living

Retirement Dream Home Mistakes to Avoid

Rodney Brooks
|
July 10, 2021

Many people dream of retiring to warm weather states like Florida or Arizona and  […]

Retirement Living

Beware Senior Financial Abuse

Rodney Brooks
|
June 14, 2021

When the elderly widow showed up with a young man who was not related to her, ready to sign over her home to him, New York eldercare attorney Anne-Margaret Carrozza immediately […]

Wealth and Health Disparities

Aging While Black: The Crisis Among Black Americans as They Grow Old

Rodney Brooks
|
June 8, 2021

After a lifetime of racial and health inequities, Black seniors are at risk of spending their last years with declining health, little income […]

Budgeting and Financial Planning

Convert Your Traditional IRA to a Roth

Rodney Brooks
|
May 12, 2021

The impact of the pandemic along with low tax rates makes 2021 an opportune time to convert a traditional  […]

Retirement and 401(k)

What to Do With Your 401(k) When You Retire

Rodney Brooks
|
April 21, 2021

New retirees need to decide what to do with the money in their company-sponsored 401(k) plan. You can generally maintain your 401(k) with your former employer or roll it over i […]

Financial Literacy

Pro athletes supporting financial literacy for kids and young adults

Rodney Brooks
|
March 3, 2021

The persistent racial wealth gap is pushing pro athletes to champion financial literacy for Black kids and teens. They are doing everything from going into schools and colleges […]

Retirement Living

Get Your Finances in Order in 2021

Rodney Brooks
|
January 11, 2021

If ever there was a year that offered retirees the opportunity to get a gut check on their finances, this is it. For many people, their lives, finances and their spending habit […]

Budgeting and Financial Planning

Do-It-Yourself Estate Planning Mistakes

Rodney Brooks
|
December 18, 2020

The ongoing coronavirus pandemic has pushed many people to make long-delayed decisions about  […]

Wealth and Health Disparities

The Retirement Crisis Facing Black Americans

Rodney Brooks
|
December 11, 2020

Long-standing income and wealth disparities along with low savings rates have endangered retirement readiness for millions of elderly Black Americans, who still haven't recover […]

Retirement and 401(k)

5 Reasons to Claim Social Security at Age 70

Rodney Brooks
|
November 30, 2020

It's not hard to see the logic. If you wait until you are 70 to take your Social Security benefit, you will receive monthly payments that are 32% higher than the benefits you w […]

Retirement Living

Where’s Your Retirement Emergency Fund?

Rodney Brooks
|
September 14, 2020

By now, most people know that financial planners recommend you keep three to six month’s expenses tucked away in case of emergency or unemployment.

It may be even m […]

Retirement Living

6 Signs It's Time to Retire

Rodney Brooks
|
August 24, 2020

It can be difficult to figure out when you are truly ready to retire. Some people aim for a certain  […]

Retirement Living

What to Do With Your Pension Fund When You Retire

Rodney Brooks
|
August 14, 2020

Figuring out what to do with your company pension when you retire can be a bit […]

Retirement Living

Your Midyear Retirement Finances Review

Rodney Brooks
|
July 17, 2020

The halfway point through the year is the perfect time to get your finances in order with a review of your  […]

Retirement Living

Why People Are Still Working in Their 70s and 80s

Rodney Brooks
|
June 15, 2020

It's not uncommon for baby boomers to con […]

Retirement Living

How to Find a Bridge Job Second Career

Rodney Brooks
|
May 22, 2020

The coronavirus pandemic has already had a huge impact on the way Americans live and work, and many of those changes could be long-lasting. Millions of Americans have been  […]

Retirement and 401(k)

Contributing to a Roth IRA in a Low-Income Year

Rodney Brooks
|
May 8, 2020

There's not much good news in today's coronavirus-induced economic calamity, between  […]

Retirement and 401(k)

Using a 401(k) Loan to Cope With Coronavirus Costs

Rodney Brooks
|
April 17, 2020

The Coronavirus Aid, Relief, and Economic Security Act of March 2020 doubles the amount retirement savers can  […]

Retirement and 401(k)

Retirement Savers Benefit From Changes to 401(k)s

Rodney Brooks
|
March 13, 2020

There have been a lot of recent changes to 401(k) plans, which is generally good news […]

Retirement Living

Should Spouses Retire Together?

Rodney Brooks
|
February 21, 2020

After working their separate jobs for decades, some  […]

Retirement Living

Tips to Cut Costs in Retirement

Rodney Brooks
|
February 7, 2020

Retirees with a low cost of living can get by with less savings. If you are willing to reduce your retirement expenses you might be able to retire sooner and live well on a mod […]

Retirement Living

Should You Pay Off Your Mortgage Before You Retire?

Rodney Brooks
|
January 10, 2020

Paying off your home mortgage before you retire is a major financial achievement, but you don't necessarily have to eliminate all  […]

Retirement Living

10 Ways Retirement Has Changed Over the Past Decade

Rodney Brooks
|
November 22, 2019

The way people retire is quite different than it was even 10 years ago. That means you need to change your way of thinking about retirement. If you are still planning for retir […]

Retirement Living

Tax Tips for Retirees

Rodney Brooks
|
November 15, 2019

Retirees who plan carefully can often pay a lower tax bill in retirement. However, tax mistakes can have a dramatic effect on your finances when you're on a fixed income. Poor […]

Retirement Living

The Differences Between Happy and Unhappy Retirees

Rodney Brooks
|
November 8, 2019

Some retirees are happy, while others are downright miserable. According to financial planners, what separates the  […]

Retirement Living

5 Reasons to Make an Estate Plan

Rodney Brooks
|
October 18, 2019

Passing away without an estate plan is a  […]

Retirement Living

Home Improvements to Sell Your House Before You Retire

Rodney Brooks
|
September 24, 2019

Retiring boomers looking to downsize may be in for a shock when they decide to sell their homes. They may find out that the homes they’ve lived in for decades need thousands […]

Budgeting and Financial Planning

When Your Elderly Parents Move In With You

Rodney Brooks
|
August 30, 2019

Moving elderly parents into your home can bring daunting challenges and unexpected closeness. Over the past 20 years, parents living with their adult children has become increa […]

Health Care

Alternatives to Long-Term Care Insurance

Rodney Brooks
|
July 26, 2019

A long-term care insurance policy can help you financially prepare for a time when you might not be able to take care of your own basic needs, including eating, bathing and dre […]

Retirement and 401(k)

Required Minimum Distribution Mistakes to Avoid

Rodney Brooks
|
June 14, 2019

Traditional retirement accounts are tax-deferred, not tax-free. As baby boomers turn 70, they must soon begin mandated withdrawals and  […]

Retirement and 401(k)

How to Turn Your 401(k) or IRA Into Retirement Income

Rodney Brooks
|
April 13, 2019

Previous generations lived differently when it came to plan […]

Retirement and 401(k)

Don't Let Boomerang Kids Endanger Your Retirement

Rodney Brooks
|
March 24, 2019

Parents will do pretty much anything for their children. But parents need to be careful when boomerang kids return home after college to live, especially if they are  […]

Retirement Living

Don't Forget to Do These 5 Things Before You Retire

Rodney Brooks
|
March 4, 2019

An ongoing complaint from financial planners and accountants is that potential clients seek their services when they are too close to retirement. "People come to visit right wh […]

Wealth and Health Disparities

African Americans face greater risk of Alzheimer’s disease than whites

Rodney Brooks
|
January 28, 2019

A decade ago, Rushern Baker III started seeing signs that something was wrong with his wife when she was still in her late 40s. Christa Beverly was forgetting things and losing […]

Retirement and 401(k)

When $1 Million in a 401(k) Is Really $600,000

Rodney Brooks
|
January 18, 2019

That $1 million in your 401(k) account looks mighty good. […]

Retirement Living

What 50-Year-Olds Should Have Already Done to Prep for Retirement

Rodney Brooks
|
October 18, 2018

Financial planners frequently tell stories of clients who visit seeking advice only weeks or months before their planned retirement. Some people have already submitted their re […]

Retirement Living

Networking Should Not End When You Retire

Rodney Brooks
|
August 13, 2018

You might think of networking as a necessary career-boostin […]

Retirement Living

How to Prepare for One Spouse's Retirement

Rodney Brooks
|
July 20, 2018

While married couples sometimes try to coordinate when they retire, not all spouses retire at the same time. Age differences, different stages in their careers and even he […]

Retirement Living

5 Tax Tips for 2018 -- and Beyond

Maurie Backman
|
July 15, 2018

The year 2018 brought a host of changes to the tax code, leaving count […]

Budgeting and Financial Planning

The Talk to Have With Your Kids Before You Retire

Rodney Brooks
|
June 18, 2018

Baby boomer parents need to add an important item to their  […]

Retirement Living

7 Reasons Entrepreneurs Don't Save for Retirement

Rodney Brooks
|
May 11, 2018

Owning a business might be part of your American dream. For some baby boomers, entrepreneurship is also a part of their retirement. A report from the Kaufman Foundation found t […]

Retirement Living

How to Keep Your Grown Children From Endangering Your Retirement

Rodney Brooks
|
April 27, 2018

Your retirement finances can be a lot more fragile than you might think. A budget can be disrupted by many things, and some parents have a hard time dealing with one expense in […]

Retirement Living

6 Lessons From the First Year of Retirement

Rodney Brooks
|
March 30, 2018

Once you get through the first year of retirement, you probably think you can c […]

Retirement and 401(k)

How Tax Reform Will Actually Help 401(k) Savers

Rodney Brooks
|
November 20, 2017

When the tax reform talks started a few weeks back, there were murmurs that Congress and the Trump administration would sharply reduce how much employees could save for retirem […]

Wealth and Health Disparities

Maryland Politician Rushern Baker Heads County Government and Wife with Alzheimers

Rodney Brooks
|
June 29, 2017

Rushern Baker is county executive in Prince Georg […]

Wealth and Health Disparities

Declining Black Homeownership Has Big Retirement Implications

Rodney Brooks
|
May 10, 2017

Homeownership among African Americans has declined to levels not seen since before passage of the Fair Housing Act of 1968, a major concern among economists and financial plann […]

Uncategorized

How African Americans Can Find a Financial Adviser

Rodney Brooks
|
November 16, 2016

One of people’s biggest worries about retirement is that they will run out of money.  It’s a legitimate concern, considering that most people haven’t saved nearly en […]

Retirement Living

It takes a lot of work to be ready to retire. Don’t forget these things.

Rodney Brooks
|
October 15, 2016

We get busy in life. Between raising a family, starting a career, buying a home and then eventually sending the kids to college, it’s not a big surprise that retirement plann […]

Retirement Living

Launching a business? Don’t let your dream drain your retirement savings

Rodney Brooks
|
August 12, 2016

It’s something many of us dream about every day: retiring from that 9-to-5 and starting a business. 

It might be opening up a bed and breakfast. Or creating a […]

Retirement Living

5 Things to Do Now if You’re Near Retirement

Casey Dowd
|
March 6, 2016

Believe it or not, the last five years before you retire may be some of the most critical in retirement planning.

Don’t wait until the very last minute to make sure […]

Retirement Living

Retirement: 5 best tips from my time at USA TODAY

Rodney Brooks
|
June 2, 2015

It's really hard to believe. Has it really been 2½ years since I started writing this retirement column?

I've talked to hundreds of retirement planners, financial ad […]

Retirement Living

Big retirement mistake: Boomers with no estate plan

Rodney Brooks
|
April 7, 2015

Many Baby Boomers are neglecting a key part of their retirement plans — creating an estate plan.

And while death is not a pleasant thing to think about, death witho […]

Retirement Living

What's the best retirement advice you ever got?

Rodney Brooks
|
March 10, 2015

I never had the opportunity to get retirement advice from my dad. He died at 43, when I was only 16. He never even had a chance to experience retirement. I've often wondered wh […]

Retirement Living

Some states move to help spur retirement savings

Rodney Brooks
|
January 27, 2015

Survey after survey has shown the same dire forecast: Americans are dangerously ill-prepared for retirement. We haven't saved, we haven't planned, and some of us haven't even s […]

Retirement Living

Retirement: 7 financial goals for the end of the year

Rodney Brooks
|
December 17, 2014

Here's one last reminder: If you are looking at retirement in the next few years, the end of the year is the perfect time go get your house in order.

In a column last […]

Retirement Living

What's your retirement IQ? For most, it's lousy

Rodney Brooks
|
December 3, 2014

In survey after survey, Americans have not scored well on retirement literacy tests. But a new survey of Americans ages 60 to 75 says 80% failed a retirement income literacy te […]

Retirement Living

Do retirees need long-term care insurance?

Rodney Brooks
|
September 10, 2014

Health care costs are a big concern for people going into retirement, but the costs of long-term care can still be a shock.

Here are a few facts:

• 70% of […]

Retirement and 401(k)

Retirement Living: Borrow from your 401(k)?

Rodney Brooks
|
August 12, 2013

Sometimes you really don't have a choice.

All other savings, including your emergency savings, are depleted. There's a pile of money in your 401(k). It's a tempting s […]

Retirement and 401(k)

Mega Backdoor Roths: How They Work in 2021

Rodney Brooks
|
October 4, 2021

If you like the idea of a Roth, then you’re going to love the supersize version, known as a mega backdoor Roth.

If fortune smiles on you, this strategy could allow […]

Retirement and 401(k)

What to Do With Your 401(k) When You Retire

Rodney Brooks
|
April 21, 2021

New retirees need to decide what to do with the money in their company-sponsored 401(k) plan. You can generally maintain your 401(k) with your former employer or roll it over i […]

Retirement and 401(k)

5 Reasons to Claim Social Security at Age 70

Rodney Brooks
|
November 30, 2020

It's not hard to see the logic. If you wait until you are 70 to take your Social Security benefit, you will receive monthly payments that are 32% higher than the benefits you w […]

Retirement and 401(k)

Contributing to a Roth IRA in a Low-Income Year

Rodney Brooks
|
May 8, 2020

There's not much good news in today's coronavirus-induced economic calamity, between  […]

Retirement and 401(k)

Using a 401(k) Loan to Cope With Coronavirus Costs

Rodney Brooks
|
April 17, 2020

The Coronavirus Aid, Relief, and Economic Security Act of March 2020 doubles the amount retirement savers can  […]

Retirement and 401(k)

Retirement Savers Benefit From Changes to 401(k)s

Rodney Brooks
|
March 13, 2020

There have been a lot of recent changes to 401(k) plans, which is generally good news […]

Retirement and 401(k)

Required Minimum Distribution Mistakes to Avoid

Rodney Brooks
|
June 14, 2019

Traditional retirement accounts are tax-deferred, not tax-free. As baby boomers turn 70, they must soon begin mandated withdrawals and  […]

Retirement and 401(k)

How to Turn Your 401(k) or IRA Into Retirement Income

Rodney Brooks
|
April 13, 2019

Previous generations lived differently when it came to plan […]

Retirement and 401(k)

Don't Let Boomerang Kids Endanger Your Retirement

Rodney Brooks
|
March 24, 2019

Parents will do pretty much anything for their children. But parents need to be careful when boomerang kids return home after college to live, especially if they are  […]

Retirement and 401(k)

When $1 Million in a 401(k) Is Really $600,000

Rodney Brooks
|
January 18, 2019

That $1 million in your 401(k) account looks mighty good. […]

Retirement and 401(k)

How Tax Reform Will Actually Help 401(k) Savers

Rodney Brooks
|
November 20, 2017

When the tax reform talks started a few weeks back, there were murmurs that Congress and the Trump administration would sharply reduce how much employees could save for retirem […]

Retirement and 401(k)

Retirement Living: Borrow from your 401(k)?

Rodney Brooks
|
August 12, 2013

Sometimes you really don't have a choice.

All other savings, including your emergency savings, are depleted. There's a pile of money in your 401(k). It's a tempting s […]

Retirement Living

What Are Unclaimed Retirement Benefits and How to Find Them

Rodney Brooks
|
October 22, 2021

Baby boomers have worked an average of 12 jobs, according to the U.S. Bureau of Labor Statistics. During each job change, retirement accounts can get lost in the shuffle. Event […]

Retirement Living

What Are Unclaimed Retirement Benefits and How to Find Them

Rodney Brooks
|
October 22, 2021

Baby boomers have worked an average of 12 jobs, according to the U.S. Bureau of Labor Statistics. During each job change, retirement accounts can get lost in the shuffle. Event […]

Retirement Living

The Future of Social Security

Rodney Brooks
|
September 24, 2021

Social Security paid more than $1 trillion in benefits to 65 million recipients in 2020. Since 2010, the system has been bringing in less revenue than it pays out in benefits a […]

Retirement Living

Checklist for Handling the Death of a Spouse

Rodney Brooks
|
August 13, 2021

When your spouse dies, their affairs need to be set in order. You might find yourself planning a funeral,  […]

Retirement Living

“Gray” Divorce

Rodney Brooks
|
August 9, 2021

Here’s a familiar “grey divorce” scenario – almost.

The couple came to financial planner Beau Henderson’s office after the husband was offered an early reti […]

Retirement Living

Retirement Dream Home Mistakes to Avoid

Rodney Brooks
|
July 10, 2021

Many people dream of retiring to warm weather states like Florida or Arizona and  […]

Retirement Living

Beware Senior Financial Abuse

Rodney Brooks
|
June 14, 2021

When the elderly widow showed up with a young man who was not related to her, ready to sign over her home to him, New York eldercare attorney Anne-Margaret Carrozza immediately […]

Retirement Living

Get Your Finances in Order in 2021

Rodney Brooks
|
January 11, 2021

If ever there was a year that offered retirees the opportunity to get a gut check on their finances, this is it. For many people, their lives, finances and their spending habit […]

Retirement Living

Where’s Your Retirement Emergency Fund?

Rodney Brooks
|
September 14, 2020

By now, most people know that financial planners recommend you keep three to six month’s expenses tucked away in case of emergency or unemployment.

It may be even m […]

Retirement Living

6 Signs It's Time to Retire

Rodney Brooks
|
August 24, 2020

It can be difficult to figure out when you are truly ready to retire. Some people aim for a certain  […]

Retirement Living

What to Do With Your Pension Fund When You Retire

Rodney Brooks
|
August 14, 2020

Figuring out what to do with your company pension when you retire can be a bit […]

Retirement Living

Your Midyear Retirement Finances Review

Rodney Brooks
|
July 17, 2020

The halfway point through the year is the perfect time to get your finances in order with a review of your  […]

Retirement Living

Why People Are Still Working in Their 70s and 80s

Rodney Brooks
|
June 15, 2020

It's not uncommon for baby boomers to con […]

Retirement Living

How to Find a Bridge Job Second Career

Rodney Brooks
|
May 22, 2020

The coronavirus pandemic has already had a huge impact on the way Americans live and work, and many of those changes could be long-lasting. Millions of Americans have been  […]

Retirement Living

Should Spouses Retire Together?

Rodney Brooks
|
February 21, 2020

After working their separate jobs for decades, some  […]

Retirement Living

Tips to Cut Costs in Retirement

Rodney Brooks
|
February 7, 2020

Retirees with a low cost of living can get by with less savings. If you are willing to reduce your retirement expenses you might be able to retire sooner and live well on a mod […]

Retirement Living

Should You Pay Off Your Mortgage Before You Retire?

Rodney Brooks
|
January 10, 2020

Paying off your home mortgage before you retire is a major financial achievement, but you don't necessarily have to eliminate all  […]

Retirement Living

10 Ways Retirement Has Changed Over the Past Decade

Rodney Brooks
|
November 22, 2019

The way people retire is quite different than it was even 10 years ago. That means you need to change your way of thinking about retirement. If you are still planning for retir […]

Retirement Living

Tax Tips for Retirees

Rodney Brooks
|
November 15, 2019

Retirees who plan carefully can often pay a lower tax bill in retirement. However, tax mistakes can have a dramatic effect on your finances when you're on a fixed income. Poor […]

Retirement Living

The Differences Between Happy and Unhappy Retirees

Rodney Brooks
|
November 8, 2019

Some retirees are happy, while others are downright miserable. According to financial planners, what separates the  […]

Retirement Living

5 Reasons to Make an Estate Plan

Rodney Brooks
|
October 18, 2019

Passing away without an estate plan is a  […]

Retirement Living

Home Improvements to Sell Your House Before You Retire

Rodney Brooks
|
September 24, 2019

Retiring boomers looking to downsize may be in for a shock when they decide to sell their homes. They may find out that the homes they’ve lived in for decades need thousands […]

Retirement Living

Don't Forget to Do These 5 Things Before You Retire

Rodney Brooks
|
March 4, 2019

An ongoing complaint from financial planners and accountants is that potential clients seek their services when they are too close to retirement. "People come to visit right wh […]

Retirement Living

What 50-Year-Olds Should Have Already Done to Prep for Retirement

Rodney Brooks
|
October 18, 2018

Financial planners frequently tell stories of clients who visit seeking advice only weeks or months before their planned retirement. Some people have already submitted their re […]

Retirement Living

Networking Should Not End When You Retire

Rodney Brooks
|
August 13, 2018

You might think of networking as a necessary career-boostin […]

Retirement Living

How to Prepare for One Spouse's Retirement

Rodney Brooks
|
July 20, 2018

While married couples sometimes try to coordinate when they retire, not all spouses retire at the same time. Age differences, different stages in their careers and even he […]

Retirement Living

5 Tax Tips for 2018 -- and Beyond

Maurie Backman
|
July 15, 2018

The year 2018 brought a host of changes to the tax code, leaving count […]

Retirement Living

7 Reasons Entrepreneurs Don't Save for Retirement

Rodney Brooks
|
May 11, 2018

Owning a business might be part of your American dream. For some baby boomers, entrepreneurship is also a part of their retirement. A report from the Kaufman Foundation found t […]

Retirement Living

How to Keep Your Grown Children From Endangering Your Retirement

Rodney Brooks
|
April 27, 2018

Your retirement finances can be a lot more fragile than you might think. A budget can be disrupted by many things, and some parents have a hard time dealing with one expense in […]

Retirement Living

6 Lessons From the First Year of Retirement

Rodney Brooks
|
March 30, 2018

Once you get through the first year of retirement, you probably think you can c […]

Retirement Living

It takes a lot of work to be ready to retire. Don’t forget these things.

Rodney Brooks
|
October 15, 2016

We get busy in life. Between raising a family, starting a career, buying a home and then eventually sending the kids to college, it’s not a big surprise that retirement plann […]

Retirement Living

Launching a business? Don’t let your dream drain your retirement savings

Rodney Brooks
|
August 12, 2016

It’s something many of us dream about every day: retiring from that 9-to-5 and starting a business. 

It might be opening up a bed and breakfast. Or creating a […]

Retirement Living

5 Things to Do Now if You’re Near Retirement

Casey Dowd
|
March 6, 2016

Believe it or not, the last five years before you retire may be some of the most critical in retirement planning.

Don’t wait until the very last minute to make sure […]

Retirement Living

Retirement: 5 best tips from my time at USA TODAY

Rodney Brooks
|
June 2, 2015

It's really hard to believe. Has it really been 2½ years since I started writing this retirement column?

I've talked to hundreds of retirement planners, financial ad […]

Retirement Living

Big retirement mistake: Boomers with no estate plan

Rodney Brooks
|
April 7, 2015

Many Baby Boomers are neglecting a key part of their retirement plans — creating an estate plan.

And while death is not a pleasant thing to think about, death witho […]

Retirement Living

What's the best retirement advice you ever got?

Rodney Brooks
|
March 10, 2015

I never had the opportunity to get retirement advice from my dad. He died at 43, when I was only 16. He never even had a chance to experience retirement. I've often wondered wh […]

Retirement Living

Some states move to help spur retirement savings

Rodney Brooks
|
January 27, 2015

Survey after survey has shown the same dire forecast: Americans are dangerously ill-prepared for retirement. We haven't saved, we haven't planned, and some of us haven't even s […]

Retirement Living

Retirement: 7 financial goals for the end of the year

Rodney Brooks
|
December 17, 2014

Here's one last reminder: If you are looking at retirement in the next few years, the end of the year is the perfect time go get your house in order.

In a column last […]

Retirement Living

What's your retirement IQ? For most, it's lousy

Rodney Brooks
|
December 3, 2014

In survey after survey, Americans have not scored well on retirement literacy tests. But a new survey of Americans ages 60 to 75 says 80% failed a retirement income literacy te […]

Retirement Living

Do retirees need long-term care insurance?

Rodney Brooks
|
September 10, 2014

Health care costs are a big concern for people going into retirement, but the costs of long-term care can still be a shock.

Here are a few facts:

• 70% of […]

Social Security

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Be sure to check out "Fixing the Racial Wealth Gap" by Rodney Brooks

"Rodney A. Brooks's “Fixing the Racial Wealth Gap” is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist. Fixing the Wealth Gap is revealing, humorous, instructive and sobering." - Dr. George C. Fraser