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Retirement and 401(k)

The Retirement Savings Tax Bomb

Financial services company Empower says there are 937,747 Americans who are  […]
Uncategorized

Medicare vs. Medicare Advantage

Not long ago you only saw the barrage of Medicare Advantage television commercials in the period leading up to Medicare Open Enrollment. But now those promotions run year… […]
Medicare

Medicare vs. Medicare Advantage (en español)

No hace mucho tiempo, el aluvión de comerciales televisivos de Medicare Advantage solo se veía en el período previo a la Inscripción Abierta de Medicare. Pero ahora esas… […]
Medicare

The Ins and Outs of Medicare Re-Enrollment

Philip Moeller is one of the nation’s most pre-eminent experts on Medicare and Social Security. He is the author of “Get What’s Yours For Medicare,” and … […]
Wealth and Health Disparities

Author taps hidden history to advise Black America on closing racial wealth gap

The American dream has been a dream deferred for many Black Americans. More than 17 percent  […]
Financial Literacy

Time To Consider a Roth Conversion?

As we approach the end of another new tax year, it’s time again to determine if a Roth conversion makes sense for you. Keep in mind that even though there are solid… […]
Financial Literacy

Year End Tax Tips

Between wages, pensions, dividends and interest and annuities, it’s not unusual for older Americans to have multiple sources of taxable income in any tax year. That can make… […]
Uncategorized

Young and Informed: How to Protect Your Finances as You Step Out on Your Own

Image via Pixels […]
Retirement and 401(k)

The Retirement Savings Tax Bomb

Rodney Brooks
|
December 11, 2024
Financial services company Empower says there are 937,747 Americans who are  […]
Uncategorized

Medicare vs. Medicare Advantage

Rodney Brooks
|
December 11, 2024
Not long ago you only saw the barrage of Medicare Advantage television commercials in the period leading up to Medicare Open Enrollment. But now those promotions run year… […]
Medicare

Medicare vs. Medicare Advantage (en español)

Rodney Brooks
|
December 11, 2024
No hace mucho tiempo, el aluvión de comerciales televisivos de Medicare Advantage solo se veía en el período previo a la Inscripción Abierta de Medicare. Pero ahora esas… […]
Medicare

The Ins and Outs of Medicare Re-Enrollment

Rodney Brooks
|
December 11, 2024
Philip Moeller is one of the nation’s most pre-eminent experts on Medicare and Social Security. He is the author of “Get What’s Yours For Medicare,” and … […]
Wealth and Health Disparities

Author taps hidden history to advise Black America on closing racial wealth gap

Jolie A. Doggett, NABJ Black News & Views
|
December 11, 2024
The American dream has been a dream deferred for many Black Americans. More than 17 percent  […]
Financial Literacy

Time To Consider a Roth Conversion?

Rodney Brooks
|
December 11, 2024
As we approach the end of another new tax year, it’s time again to determine if a Roth conversion makes sense for you. Keep in mind that even though there are solid… […]
Financial Literacy

Year End Tax Tips

Rodney Brooks
|
December 11, 2024
Between wages, pensions, dividends and interest and annuities, it’s not unusual for older Americans to have multiple sources of taxable income in any tax year. That can make… […]
Uncategorized

Young and Informed: How to Protect Your Finances as You Step Out on Your Own

Katie Conroy
|
December 2, 2024
Image via Pixels […]
Uncategorized

Is There Treasure in Your Attic?

Rodney Brooks
|
September 9, 2024
In 1989, a man’s flea market purchase of a framed painting turned out to be a gold mine. He later discovered a folded-up document behind the painting: an  […]
Retirement Living

Can You Afford Senior Living Housing?

Rodney Brooks
|
September 9, 2024
The choices abound, but how do those of us nearing retirement cut through the chatter choose a senior living community that works for us.  And probably most important of… […]
Budgeting and Financial Planning

Don’t Take a Vacation From Your Budget

Rodney Brooks
|
September 9, 2024
There are certain times of the year when people seem to ignore even the basic personal finance rules.  People overspend during the holidays (averaging $1,000 a year for… […]
Social Security

An Uncertain Birthday for Social Security

Rodney Brooks
|
September 9, 2024
Unhappy birthday? The reserves used to pay the nation’s 70 million recipients is expected to be depleted by 2035, according to the agency’s trustee report released… […]
Wealth and Health Disparities

The Freedman's Savings Bank's fall is still taking a toll a century and a half later

Charisse Jones, Business Reporter, USA TODAY
|
July 8, 2024
In The Rise and Fall of the Freedman's Savings Bank and Its Lasting Socio-economic Impact on Black America (Spiramus Press), former USA TODAY… […]
Wealth and Health Disparities

Author Q&A: How the impact of a post-Civil War bank failure lingers today

Kerry Hannon, Senior Columnist, Yahoo Finance
|
June 25, 2024
What does a bank failure in 1874 have to do with the racial wealth gap in America in 2024? Turns out, a lot. […]
Budgeting and Financial Planning

Holiday Credit Hangover?

Rodney Brooks
|
May 9, 2024
Are you overwhelmed by credit card bills for overindulgent holiday shopping? Between gifts for spouses, kids, grandkids and besties, it’s easy to get caught up in the… […]
Financial Literacy

How to Handle a Big – and Unexpected – Tax Bill

Rodney Brooks
|
May 9, 2024
It happens more often than we’d like to think. You misjudged or miscalculated your tax liability for the year, and, surprise, you owe Uncle Sam big bucks. […]
Social Security

Timing Your Social Security

Rodney Brooks
|
May 9, 2024
People turning 62 this year will have a big decision to make. Will they take Social Security benefits early, wait till full retirement age or wait until they turn 70, when they… […]
Budgeting and Financial Planning

How to Pick an Executor for Your Estate

Rodney Brooks
|
May 9, 2024
It’s difficult to pick an executor or trustee to implement your wishes after your death. Your favorite child is usually your favorite for a reason, but that doesn’t… […]
Budgeting and Financial Planning

Money: Financial New Year’s Resolutions

Rodney Brooks
|
February 7, 2024
 It’s time for those annual New Year’s resolutions – the goals that almost no one sticks too after January.  But there are some easy-to reach financial… […]
Budgeting and Financial Planning

Navigating the Path to Financial Security: How to Shift Your Money Mindset

Katie Conroy
|
February 7, 2024
Financial success isn't solely about the numbers in your bank account; it's also about your attitude toward money. Neglecting your money mindset can often lead… […]
Financial Literacy

Money: Year End Tax Moves to Make Now

Rodney Brooks
|
January 2, 2024
Retirement doesn’t mean you no longer have to worry about taxes. Quite the opposite – it’s a time when you need to pay extra attention to taxes. The Required… […]
Retirement Living

How to Plan for Retirement While Keeping Long-Term Needs In Mind

Katie Conroy
|
November 24, 2023
Retirement is supposed to be the time when you finally get to kick back and relax. However, sometimes the unexpected happens, and it’s important to plan for… […]
Financial Literacy

Money: Taxes and Charitable Donations

Rodney Brooks
|
November 24, 2023
Tax and finance experts list ways to give to charities and cut your tax bills at the same time, ahead of Giving Tuesday November 28.  Americans gave… […]
Budgeting and Financial Planning

Money: Medicare Update

Rodney Brooks
|
October 25, 2023
It’s coming up on that time again – Medicare re-enrollment. It’s the time to review your health care options and decide if you are going to stick with your current Medicare… […]
Retirement Living

Money: Earn Extra Cash with Certificate Programs

Rodney Brooks
|
September 18, 2023
Increasingly retirees are earning extra money by taking on full-or part-time jobs to bring in extra income or to keep busy, and certificate programs can help. … […]
Budgeting and Financial Planning

Should You Pay Off Your Mortgage Before You Retire?

Rodney Brooks
|
September 18, 2023
Some 44% of homeowners ages 60 to 70 carry a mortgage with them into retirement, according to mortgage banker  […]
Budgeting and Financial Planning

What Is a Deferred Annuity?

Rodney Brooks
|
September 18, 2023
Annuities are an integral part of the retirement portfolios of investors who want a guaranteed stream of retirement income. […]
Social Security

Updates and Changes in Social Security

Rodney Brooks
|
August 18, 2023
Congress has made a number of changes to Social Security in recent years – chief among them the increase in the retirement age. The full retirement age is 66 for those born… […]
Budgeting and Financial Planning

6 Ways to Cut Costs in Retirement

Rodney Brooks
|
August 18, 2023
As if retirement wasn’t hard enough, inflation and economic uncertainties are adding to the pressures. Money is a big part of the stress. Financial planners generally… […]
Budgeting and Financial Planning

Money: Create Extra Retirement Income

Rodney Brooks
|
August 18, 2023
Many retirees work because they want to. But many also work because they need to supplement Social Security and bring in additional income. Whichever category you… […]
Financial Literacy

Money: Investment Clubs

Rodney Brooks
|
July 23, 2023
Investment clubs don’t get the press they did when stocks boomed in the 1990s. But they still offer a wonderful opportunity for new investors, young or old, to dip a toe into… […]
Budgeting and Financial Planning

What Is a Spendthrift Trust?

Rodney Brooks
|
July 23, 2023
You may want to take care of your children in your will but suspect… […]
Uncategorized

This writer just traced his enslaved ancestors all the way to Africa. Here’s how.

Rodney Brooks
|
July 11, 2023
I knew little about either side of my family. My mom was from Warrenton, North Carolina and occasionally talked about growing up there. Her dad lived with us for a while. My… […]
Budgeting and Financial Planning

Money: Is a Reverse Mortgage Right for You?

Rodney Brooks
|
June 20, 2023
America is facing retirement crisis. People are not saving enough for retirement while, at the same time, they are living longer. Fifty percent of men between 55 and… […]
Budgeting and Financial Planning

5 Financial Considerations of Gray Divorce

Rodney Brooks
|
June 20, 2023
It’s a trend that accelerated as baby boomers set new standards for aging. Along with new standards for fitness and living and working longer, boomers set records for divorce… […]
Retirement Living

Money: Is a Reverse Mortgage Right for You?

Rodney Brooks
|
May 19, 2023
America is facing retirement crisis. People are not saving enough for retirement while, at the same time, they are living longer. Fifty percent of men between 55 and… […]
Uncategorized

7 of FDR’s Most Inspiring Speeches

Rodney Brooks
|
May 19, 2023
Franklin D. Roosevelt stands as one of America’s most masterful presidential orators. His… […]
Financial Literacy

Is It Time to Break up With Your Bank?

Rodney Brooks
|
April 27, 2023
Determined to find a better return for the money I had in my non-interest-bearing checking account, I spent an afternoon walking up and down K Street in downtown Washington, D… […]
Retirement Living

What Raising the Retirement Age to 70 Would Mean for You

Rodney Brooks
|
April 27, 2023
Congress has approved several new laws impacting employer-sponsored 401(k) plans… […]
Budgeting and Financial Planning

Saying 'I Do' for the Second Time?

Rodney Brooks
|
April 27, 2023
We all know the numbers: 40% to 50% of first marriages end in  […]
Retirement Living

1 in 6 Retirees Considering Unretiring

Rodney Brooks
|
April 27, 2023
Facing rising inflation, market volatility and a looming recession, 1 in 6 retirees are considering  […]
Financial Literacy

Protect Your Heart – and Your Wallet

Rodney Brooks
|
March 30, 2023
In the past five years, people have lost a staggering $1.3 billion to romance scams, according to the  […]
Financial Literacy

Money: Best Online Finance Sites

Rodney Brooks
|
March 30, 2023
There’s a lot going on in the retirement world these days, and the closer you get to retirement age, the more news there is to keep up with. Staying abreast of… […]
Retirement and 401(k)

Should You Consult a CFP or CPA to Plan for Retirement?

Rodney Brooks
|
March 30, 2023
Many people seek professional help to prepare for retirement. You might consult a financial planner to help with saving and investing or an accountant who can assist with tax… […]
Retirement and 401(k)

Big Changes Are Coming for 401(k)s

Rodney Brooks
|
March 30, 2023
The latest government omnibus spending bill includes big changes to 401(k) and other retirement plans. These provisions will have a huge impact on retirees but contain benefits… […]
Social Security

The Future of Social Security: Will Social Security's COLA Boost Mean Benefits Run Out Sooner?

Rodney Brooks
|
February 21, 2023
Social Security paid benefits to 65 million recipients in 2021. Since 2010, the system has been bringing in less revenue than it pays out in benefits and covering the shortfall… […]
Retirement and 401(k)

Big Changes are Coming for 401(k)s

Rodney Brooks
|
February 21, 2023
The latest government omnibus spending bill includes big changes to 401(k) and other retirement plans. These provisions will have a huge impact on retirees but contain benefits… […]
Financial Literacy

Financial New Years Resolutions

Rodney Brooks
|
February 21, 2023
Ready or not we are only weeks away from 2023; it’s time for your annual list of New Year’s resolutions. While living healthier, losing weight or exercising is nearly… […]
Financial Literacy

Protect Your Heart - and Your Wallet

Rodney Brooks
|
February 21, 2023
In the past five years, people have lost a staggering $1.3 billion to romance scams, according to the  […]
Budgeting and Financial Planning

Tax Planning for 2023

Rodney Brooks
|
February 21, 2023
As we start the New Year and prep for 2022 taxes, financial professionals will often tell you it’s not too early to start thinking about 2023.  You certainly don’t want to… […]
Social Security

Social Security Update – Means Testing?

Rodney Brooks
|
October 18, 2022
With the 79th anniversary of the Social Security Act, retirees (and most workers) worry about its solvency; will it run out of money to pay benefits. What can be done… […]
Retirement Living

Back to School – for Entrepreneurs

Rodney Brooks
|
October 18, 2022
Covid-19 greatly accelerated retirees’ moves to return to work and try entrepreneurship…only to find they need to add to their ‘toolbox” with adult education. “The… […]
Medicare

What’s New in Medicare for 2023

Rodney Brooks
|
October 18, 2022
It’s that time again! Prepare for the barrage of B-list celebrities pitching Medicare Advantage plans in TV ads on late-night TV – Medicare re-enrollment runs Oct. 15 through… […]
Retirement and 401(k)

6 Signs You Are Ready to Retire

Rodney Brooks
|
October 18, 2022
It can be difficult to figure out when you are truly ready to retire. Some people aim for a certain  […]
Retirement and 401(k)

What’s in the New 401(k) Retirement Bills

Rodney Brooks
|
October 18, 2022
Retirement plans could see some major changes if proposed new legislation is approved by Congress. “They have so many bills,” says Ed Slott, president and founder of Ed Slott… […]
Retirement Living

How the Inflation Reduction Act Impacts Retirees

Rodney Brooks
|
October 18, 2022
The Inflation Reduction Act of 2022 provides many benefits for retirees and older Americans. If the legislation does slow inflation, it could be a huge benefit to low-income… […]
Social Security

Money Talk: Texas Metro New: Social Security

Rodney Brooks
|
October 18, 2022
Deciding when to take Social Security is a huge issue, and a very complicated one. A wrong decision can cost you hundreds of thousands of dollars over your lifetime. That… […]
Budgeting and Financial Planning

Why Saving for Retirement Is More Difficult in 2022

Rodney Brooks
|
August 25, 2022
Baby boomers have lived through the tech bubble, the 2008 housing and market crash and even double-digit inflation in the 1970s, but never all these financial crises together… […]
Financial Literacy

How Millennials Should Manage Their 401(k) During the Bear Market

Rodney Brooks
|
August 25, 2022
It can be scary to watch your 401(k) balance decline … […]
Financial Literacy

Bear Market Mistakes Retirees Often Make

Rodney Brooks
|
August 25, 2022
In times of stock market declines, inflation and uncertainty… […]
Financial Literacy

Pets and Passwords: What People Forget in their Wills

Rodney Brooks
|
August 25, 2022
Things change quickly in today’s digital world, and Boomers especially need to keep up. It means you need to make sure your estate plan has been updated to reflect the new… […]
Uncategorized

Life Insurance: Forgotten Financial Tool

Rodney Brooks
|
August 25, 2022
Life insurance should be a key component of your financial plan, especially for retirees and pre-retirees. “I would recommend highly that everyone who’s concerned… […]
Budgeting and Financial Planning

New Rules in Estate Planning

Rodney Brooks
|
July 5, 2022
Although we mark Older Americans Month this month, oldsters would be well advised to consider the Younger Americans in their estate planning. The Secure Act ( […]
Budgeting and Financial Planning

Is an Annuity Right for You?

Rodney Brooks
|
July 5, 2022
Is an annuity right for you? One of Americans’ biggest fears is running out of money in retirement. In fact,  […]
Budgeting and Financial Planning

How ERISA Impacts Your Retirement

Rodney Brooks
|
July 5, 2022
This federal law determines many of the rules for your 401(k) or pension. The Employee Retirement Income Security Act is a federal law enacted in 1974 that protects… […]
Budgeting and Financial Planning

The Impact of Climate Change on Retirement Planning

Rodney Brooks
|
July 5, 2022
Climate change could impact your health and budget in retirement. Climate change is affecting us in ways no one could have imaged just a few years ago, and those… […]
Budgeting and Financial Planning

What Is a Spendthrift Trust?

Rodney Brooks
|
July 5, 2022
A spendthrift trust gives you some control over how your beneficiaries can spend inherited funds. There are times when you want to take care of your children in… […]
Financial Literacy

A 401(k) Versus a 403(b) for Retirement Savings

Rodney Brooks
|
May 31, 2022
You can save for retirement in a 401(k) plan or a  […]
Budgeting and Financial Planning

How Retirees Can Cope With Inflation

Rodney Brooks
|
May 31, 2022
After years of low inflation, many retirees are now concerned about rising prices. Costs for cars, food and gasoline are up, mainly because demand spiked when the economy… […]
Budgeting and Financial Planning

What Is a Deferred Annuity?

Rodney Brooks
|
May 31, 2022
Annuities are an integral part of the retirement portfolios of investors who want a guaranteed stream of retirement income. A deferred annuity is a contract that provides the… […]
Financial Literacy

Hard hit by COVID-19, Black Americans are recovering slowly

Rodney Brooks
|
May 31, 2022
Linda Butler-Johnson, a 61-year-old widow, hasn’t had steady work for two years, not since she was laid off from her housekeeper job at a Washington, D.C. hotel in the first… […]
Uncategorized

Tax Time Tips for Older Adults

Rodney Brooks
|
April 29, 2022
With the filing deadline looming ahead, it’s the perfect opportunity to look at what changes might be in store for retirees and seniors. […]
Financial Literacy

What Is a Bitcoin Roth IRA?

Rodney Brooks
|
April 29, 2022
The popularity of cryptocurrency continues to soar, pushed by a younger generation of investors who see it as the future of currencies, despite the volatility and warnings from… […]
Wealth and Health Disparities

Baby bonds? Reparations? There’s no quick fix for racial wealth gap

Rodney Brooks
|
April 4, 2022
You learn a lot writing a book, as I did with my latest effort:“ […]
Retirement and 401(k)

Inflation and Retirement

Rodney Brooks
|
April 4, 2022
In January inflation rose 7.5 percent, which was a 40-year high – fueled by strong consumer demand combined with pandemic induced supply shortages. Prices rose in several key… […]
Retirement Living

Jump Back Into the Job Market!

Rodney Brooks
|
March 7, 2022
This may be an ideal time for older workers to jump back into the job market. Here’s why: The historic “Great Resignation” may offer… […]
Health Care

Long Term Care Insurance and Alternatives

Rodney Brooks
|
March 7, 2022
Health care costs remain one of the biggest worries in retirement, rightfully so, since, according to one study, two thirds of people who file bankruptcy cited medical issues… […]
Budgeting and Financial Planning

Family and Finances: Avoiding “The Talk”?

Rodney Brooks
|
January 11, 2022
For many, two big family holidays are coming up.  It may be a perfect time for families to talk about their finances. It may well be a perfect time for a family… […]
Budgeting and Financial Planning

Financial Gifts to Kids

Rodney Brooks
|
January 11, 2022
Parents and grandparents once thought it was cute to gift a child a single share of Disney or a savings bond. It was practical, and besides introducing a new generation to… […]
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 cut back… […]
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… […]
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… […]
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… […]
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… […]
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 people… […]
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 retirement… […]
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… […]
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… […]
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… […]
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… […]
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… […]
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  […]
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… […]
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… […]
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 of… […]
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… […]
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… […]
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  […]
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… […]
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… […]
Retirement Living

Networking Should Not End When You Retire

Rodney Brooks
|
August 13, 2018
You might think of networking as a necessary career… […]
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… […]
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… […]
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… […]
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… […]
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… […]
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… […]
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… […]
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 enough… […]
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… […]
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… […]
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 without… […]
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… […]
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… […]
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… […]
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… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

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Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Budgeting and Financial Planning

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Budgeting and Financial Planning

Don’t Take a Vacation From Your Budget

Rodney Brooks
|
September 9, 2024
There are certain times of the year when people seem to ignore even the basic personal finance rules.  People overspend during the holidays (averaging $1,000 a year for… […]
Budgeting and Financial Planning

Holiday Credit Hangover?

Rodney Brooks
|
May 9, 2024
Are you overwhelmed by credit card bills for overindulgent holiday shopping? Between gifts for spouses, kids, grandkids and besties, it’s easy to get caught up in the… […]
Budgeting and Financial Planning

How to Pick an Executor for Your Estate

Rodney Brooks
|
May 9, 2024
It’s difficult to pick an executor or trustee to implement your wishes after your death. Your favorite child is usually your favorite for a reason, but that doesn’t… […]
Budgeting and Financial Planning

Money: Financial New Year’s Resolutions

Rodney Brooks
|
February 7, 2024
 It’s time for those annual New Year’s resolutions – the goals that almost no one sticks too after January.  But there are some easy-to reach financial… […]
Budgeting and Financial Planning

Navigating the Path to Financial Security: How to Shift Your Money Mindset

Katie Conroy
|
February 7, 2024
Financial success isn't solely about the numbers in your bank account; it's also about your attitude toward money. Neglecting your money mindset can often lead… […]
Budgeting and Financial Planning

Money: Medicare Update

Rodney Brooks
|
October 25, 2023
It’s coming up on that time again – Medicare re-enrollment. It’s the time to review your health care options and decide if you are going to stick with your current Medicare… […]
Budgeting and Financial Planning

Should You Pay Off Your Mortgage Before You Retire?

Rodney Brooks
|
September 18, 2023
Some 44% of homeowners ages 60 to 70 carry a mortgage with them into retirement, according to mortgage banker  […]
Budgeting and Financial Planning

What Is a Deferred Annuity?

Rodney Brooks
|
September 18, 2023
Annuities are an integral part of the retirement portfolios of investors who want a guaranteed stream of retirement income. […]
Budgeting and Financial Planning

6 Ways to Cut Costs in Retirement

Rodney Brooks
|
August 18, 2023
As if retirement wasn’t hard enough, inflation and economic uncertainties are adding to the pressures. Money is a big part of the stress. Financial planners generally… […]
Budgeting and Financial Planning

Money: Create Extra Retirement Income

Rodney Brooks
|
August 18, 2023
Many retirees work because they want to. But many also work because they need to supplement Social Security and bring in additional income. Whichever category you… […]
Budgeting and Financial Planning

What Is a Spendthrift Trust?

Rodney Brooks
|
July 23, 2023
You may want to take care of your children in your will but suspect… […]
Budgeting and Financial Planning

Money: Is a Reverse Mortgage Right for You?

Rodney Brooks
|
June 20, 2023
America is facing retirement crisis. People are not saving enough for retirement while, at the same time, they are living longer. Fifty percent of men between 55 and… […]
Budgeting and Financial Planning

5 Financial Considerations of Gray Divorce

Rodney Brooks
|
June 20, 2023
It’s a trend that accelerated as baby boomers set new standards for aging. Along with new standards for fitness and living and working longer, boomers set records for divorce… […]
Budgeting and Financial Planning

Saying 'I Do' for the Second Time?

Rodney Brooks
|
April 27, 2023
We all know the numbers: 40% to 50% of first marriages end in  […]
Budgeting and Financial Planning

Tax Planning for 2023

Rodney Brooks
|
February 21, 2023
As we start the New Year and prep for 2022 taxes, financial professionals will often tell you it’s not too early to start thinking about 2023.  You certainly don’t want to… […]
Budgeting and Financial Planning

Why Saving for Retirement Is More Difficult in 2022

Rodney Brooks
|
August 25, 2022
Baby boomers have lived through the tech bubble, the 2008 housing and market crash and even double-digit inflation in the 1970s, but never all these financial crises together… […]
Budgeting and Financial Planning

New Rules in Estate Planning

Rodney Brooks
|
July 5, 2022
Although we mark Older Americans Month this month, oldsters would be well advised to consider the Younger Americans in their estate planning. The Secure Act ( […]
Budgeting and Financial Planning

Is an Annuity Right for You?

Rodney Brooks
|
July 5, 2022
Is an annuity right for you? One of Americans’ biggest fears is running out of money in retirement. In fact,  […]
Budgeting and Financial Planning

How ERISA Impacts Your Retirement

Rodney Brooks
|
July 5, 2022
This federal law determines many of the rules for your 401(k) or pension. The Employee Retirement Income Security Act is a federal law enacted in 1974 that protects… […]
Budgeting and Financial Planning

The Impact of Climate Change on Retirement Planning

Rodney Brooks
|
July 5, 2022
Climate change could impact your health and budget in retirement. Climate change is affecting us in ways no one could have imaged just a few years ago, and those… […]
Budgeting and Financial Planning

What Is a Spendthrift Trust?

Rodney Brooks
|
July 5, 2022
A spendthrift trust gives you some control over how your beneficiaries can spend inherited funds. There are times when you want to take care of your children in… […]
Budgeting and Financial Planning

How Retirees Can Cope With Inflation

Rodney Brooks
|
May 31, 2022
After years of low inflation, many retirees are now concerned about rising prices. Costs for cars, food and gasoline are up, mainly because demand spiked when the economy… […]
Budgeting and Financial Planning

What Is a Deferred Annuity?

Rodney Brooks
|
May 31, 2022
Annuities are an integral part of the retirement portfolios of investors who want a guaranteed stream of retirement income. A deferred annuity is a contract that provides the… […]
Budgeting and Financial Planning

Family and Finances: Avoiding “The Talk”?

Rodney Brooks
|
January 11, 2022
For many, two big family holidays are coming up.  It may be a perfect time for families to talk about their finances. It may well be a perfect time for a family… […]
Budgeting and Financial Planning

Financial Gifts to Kids

Rodney Brooks
|
January 11, 2022
Parents and grandparents once thought it was cute to gift a child a single share of Disney or a savings bond. It was practical, and besides introducing a new generation to… […]
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… […]
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  […]
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  […]
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… […]
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  […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Financial Literacy

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Financial Literacy

Time To Consider a Roth Conversion?

As we approach the end of another new tax year, it’s time again to determine if a Roth conversion makes sense for you. Keep in mind that even though there are solid… […]
Financial Literacy

Year End Tax Tips

Between wages, pensions, dividends and interest and annuities, it’s not unusual for older Americans to have multiple sources of taxable income in any tax year. That can make… […]
Financial Literacy

Time To Consider a Roth Conversion?

Rodney Brooks
|
December 11, 2024
As we approach the end of another new tax year, it’s time again to determine if a Roth conversion makes sense for you. Keep in mind that even though there are solid… […]
Financial Literacy

Year End Tax Tips

Rodney Brooks
|
December 11, 2024
Between wages, pensions, dividends and interest and annuities, it’s not unusual for older Americans to have multiple sources of taxable income in any tax year. That can make… […]
Financial Literacy

How to Handle a Big – and Unexpected – Tax Bill

Rodney Brooks
|
May 9, 2024
It happens more often than we’d like to think. You misjudged or miscalculated your tax liability for the year, and, surprise, you owe Uncle Sam big bucks. […]
Financial Literacy

Money: Year End Tax Moves to Make Now

Rodney Brooks
|
January 2, 2024
Retirement doesn’t mean you no longer have to worry about taxes. Quite the opposite – it’s a time when you need to pay extra attention to taxes. The Required… […]
Financial Literacy

Money: Taxes and Charitable Donations

Rodney Brooks
|
November 24, 2023
Tax and finance experts list ways to give to charities and cut your tax bills at the same time, ahead of Giving Tuesday November 28.  Americans gave… […]
Financial Literacy

Money: Investment Clubs

Rodney Brooks
|
July 23, 2023
Investment clubs don’t get the press they did when stocks boomed in the 1990s. But they still offer a wonderful opportunity for new investors, young or old, to dip a toe into… […]
Financial Literacy

Is It Time to Break up With Your Bank?

Rodney Brooks
|
April 27, 2023
Determined to find a better return for the money I had in my non-interest-bearing checking account, I spent an afternoon walking up and down K Street in downtown Washington, D… […]
Financial Literacy

Protect Your Heart – and Your Wallet

Rodney Brooks
|
March 30, 2023
In the past five years, people have lost a staggering $1.3 billion to romance scams, according to the  […]
Financial Literacy

Money: Best Online Finance Sites

Rodney Brooks
|
March 30, 2023
There’s a lot going on in the retirement world these days, and the closer you get to retirement age, the more news there is to keep up with. Staying abreast of… […]
Financial Literacy

Financial New Years Resolutions

Rodney Brooks
|
February 21, 2023
Ready or not we are only weeks away from 2023; it’s time for your annual list of New Year’s resolutions. While living healthier, losing weight or exercising is nearly… […]
Financial Literacy

Protect Your Heart - and Your Wallet

Rodney Brooks
|
February 21, 2023
In the past five years, people have lost a staggering $1.3 billion to romance scams, according to the  […]
Financial Literacy

How Millennials Should Manage Their 401(k) During the Bear Market

Rodney Brooks
|
August 25, 2022
It can be scary to watch your 401(k) balance decline … […]
Financial Literacy

Bear Market Mistakes Retirees Often Make

Rodney Brooks
|
August 25, 2022
In times of stock market declines, inflation and uncertainty… […]
Financial Literacy

Pets and Passwords: What People Forget in their Wills

Rodney Brooks
|
August 25, 2022
Things change quickly in today’s digital world, and Boomers especially need to keep up. It means you need to make sure your estate plan has been updated to reflect the new… […]
Financial Literacy

A 401(k) Versus a 403(b) for Retirement Savings

Rodney Brooks
|
May 31, 2022
You can save for retirement in a 401(k) plan or a  […]
Financial Literacy

Hard hit by COVID-19, Black Americans are recovering slowly

Rodney Brooks
|
May 31, 2022
Linda Butler-Johnson, a 61-year-old widow, hasn’t had steady work for two years, not since she was laid off from her housekeeper job at a Washington, D.C. hotel in the first… […]
Financial Literacy

What Is a Bitcoin Roth IRA?

Rodney Brooks
|
April 29, 2022
The popularity of cryptocurrency continues to soar, pushed by a younger generation of investors who see it as the future of currencies, despite the volatility and warnings from… […]
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… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Health Care

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Health Care

Long Term Care Insurance and Alternatives

Rodney Brooks
|
March 7, 2022
Health care costs remain one of the biggest worries in retirement, rightfully so, since, according to one study, two thirds of people who file bankruptcy cited medical issues… […]
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… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Medicare

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Medicare

Medicare vs. Medicare Advantage (en español)

No hace mucho tiempo, el aluvión de comerciales televisivos de Medicare Advantage solo se veía en el período previo a la Inscripción Abierta de Medicare. Pero ahora esas… […]
Medicare

The Ins and Outs of Medicare Re-Enrollment

Philip Moeller is one of the nation’s most pre-eminent experts on Medicare and Social Security. He is the author of “Get What’s Yours For Medicare,” and … […]
Medicare

Medicare vs. Medicare Advantage (en español)

Rodney Brooks
|
December 11, 2024
No hace mucho tiempo, el aluvión de comerciales televisivos de Medicare Advantage solo se veía en el período previo a la Inscripción Abierta de Medicare. Pero ahora esas… […]
Medicare

The Ins and Outs of Medicare Re-Enrollment

Rodney Brooks
|
December 11, 2024
Philip Moeller is one of the nation’s most pre-eminent experts on Medicare and Social Security. He is the author of “Get What’s Yours For Medicare,” and … […]
Medicare

What’s New in Medicare for 2023

Rodney Brooks
|
October 18, 2022
It’s that time again! Prepare for the barrage of B-list celebrities pitching Medicare Advantage plans in TV ads on late-night TV – Medicare re-enrollment runs Oct. 15 through… […]
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 cut back… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Retirement and 401(k)

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Retirement and 401(k)

The Retirement Savings Tax Bomb

Financial services company Empower says there are 937,747 Americans who are  […]
Retirement and 401(k)

The Retirement Savings Tax Bomb

Rodney Brooks
|
December 11, 2024
Financial services company Empower says there are 937,747 Americans who are  […]
Retirement and 401(k)

Should You Consult a CFP or CPA to Plan for Retirement?

Rodney Brooks
|
March 30, 2023
Many people seek professional help to prepare for retirement. You might consult a financial planner to help with saving and investing or an accountant who can assist with tax… […]
Retirement and 401(k)

Big Changes Are Coming for 401(k)s

Rodney Brooks
|
March 30, 2023
The latest government omnibus spending bill includes big changes to 401(k) and other retirement plans. These provisions will have a huge impact on retirees but contain benefits… […]
Retirement and 401(k)

Big Changes are Coming for 401(k)s

Rodney Brooks
|
February 21, 2023
The latest government omnibus spending bill includes big changes to 401(k) and other retirement plans. These provisions will have a huge impact on retirees but contain benefits… […]
Retirement and 401(k)

6 Signs You Are Ready to Retire

Rodney Brooks
|
October 18, 2022
It can be difficult to figure out when you are truly ready to retire. Some people aim for a certain  […]
Retirement and 401(k)

What’s in the New 401(k) Retirement Bills

Rodney Brooks
|
October 18, 2022
Retirement plans could see some major changes if proposed new legislation is approved by Congress. “They have so many bills,” says Ed Slott, president and founder of Ed Slott… […]
Retirement and 401(k)

Inflation and Retirement

Rodney Brooks
|
April 4, 2022
In January inflation rose 7.5 percent, which was a 40-year high – fueled by strong consumer demand combined with pandemic induced supply shortages. Prices rose in several key… […]
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… […]
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… […]
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  […]
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… […]
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… […]
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.

 

Learn More About Rodney

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Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Retirement Living

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Retirement Living

Can You Afford Senior Living Housing?

Rodney Brooks
|
September 9, 2024
The choices abound, but how do those of us nearing retirement cut through the chatter choose a senior living community that works for us.  And probably most important of… […]
Retirement Living

How to Plan for Retirement While Keeping Long-Term Needs In Mind

Katie Conroy
|
November 24, 2023
Retirement is supposed to be the time when you finally get to kick back and relax. However, sometimes the unexpected happens, and it’s important to plan for… […]
Retirement Living

Money: Earn Extra Cash with Certificate Programs

Rodney Brooks
|
September 18, 2023
Increasingly retirees are earning extra money by taking on full-or part-time jobs to bring in extra income or to keep busy, and certificate programs can help. … […]
Retirement Living

Money: Is a Reverse Mortgage Right for You?

Rodney Brooks
|
May 19, 2023
America is facing retirement crisis. People are not saving enough for retirement while, at the same time, they are living longer. Fifty percent of men between 55 and… […]
Retirement Living

What Raising the Retirement Age to 70 Would Mean for You

Rodney Brooks
|
April 27, 2023
Congress has approved several new laws impacting employer-sponsored 401(k) plans… […]
Retirement Living

1 in 6 Retirees Considering Unretiring

Rodney Brooks
|
April 27, 2023
Facing rising inflation, market volatility and a looming recession, 1 in 6 retirees are considering  […]
Retirement Living

Back to School – for Entrepreneurs

Rodney Brooks
|
October 18, 2022
Covid-19 greatly accelerated retirees’ moves to return to work and try entrepreneurship…only to find they need to add to their ‘toolbox” with adult education. “The… […]
Retirement Living

How the Inflation Reduction Act Impacts Retirees

Rodney Brooks
|
October 18, 2022
The Inflation Reduction Act of 2022 provides many benefits for retirees and older Americans. If the legislation does slow inflation, it could be a huge benefit to low-income… […]
Retirement Living

Jump Back Into the Job Market!

Rodney Brooks
|
March 7, 2022
This may be an ideal time for older workers to jump back into the job market. Here’s why: The historic “Great Resignation” may offer… […]
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… […]
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… […]
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 retirement… […]
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… […]
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… […]
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  […]
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… […]
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… […]
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 of… […]
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… […]
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… […]
Retirement Living

Networking Should Not End When You Retire

Rodney Brooks
|
August 13, 2018
You might think of networking as a necessary career… […]
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… […]
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… […]
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… […]
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… […]
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… […]
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… […]
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 without… […]
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… […]
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… […]
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… […]
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… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Social Security

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Social Security

An Uncertain Birthday for Social Security

Rodney Brooks
|
September 9, 2024
Unhappy birthday? The reserves used to pay the nation’s 70 million recipients is expected to be depleted by 2035, according to the agency’s trustee report released… […]
Social Security

Timing Your Social Security

Rodney Brooks
|
May 9, 2024
People turning 62 this year will have a big decision to make. Will they take Social Security benefits early, wait till full retirement age or wait until they turn 70, when they… […]
Social Security

Updates and Changes in Social Security

Rodney Brooks
|
August 18, 2023
Congress has made a number of changes to Social Security in recent years – chief among them the increase in the retirement age. The full retirement age is 66 for those born… […]
Social Security

The Future of Social Security: Will Social Security's COLA Boost Mean Benefits Run Out Sooner?

Rodney Brooks
|
February 21, 2023
Social Security paid benefits to 65 million recipients in 2021. Since 2010, the system has been bringing in less revenue than it pays out in benefits and covering the shortfall… […]
Social Security

Social Security Update – Means Testing?

Rodney Brooks
|
October 18, 2022
With the 79th anniversary of the Social Security Act, retirees (and most workers) worry about its solvency; will it run out of money to pay benefits. What can be done… […]
Social Security

Money Talk: Texas Metro New: Social Security

Rodney Brooks
|
October 18, 2022
Deciding when to take Social Security is a huge issue, and a very complicated one. A wrong decision can cost you hundreds of thousands of dollars over your lifetime. That… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Uncategorized

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Uncategorized

Medicare vs. Medicare Advantage

Not long ago you only saw the barrage of Medicare Advantage television commercials in the period leading up to Medicare Open Enrollment. But now those promotions run year… […]
Uncategorized

Young and Informed: How to Protect Your Finances as You Step Out on Your Own

Image via Pixels […]
Uncategorized

Medicare vs. Medicare Advantage

Rodney Brooks
|
December 11, 2024
Not long ago you only saw the barrage of Medicare Advantage television commercials in the period leading up to Medicare Open Enrollment. But now those promotions run year… […]
Uncategorized

Young and Informed: How to Protect Your Finances as You Step Out on Your Own

Katie Conroy
|
December 2, 2024
Image via Pixels […]
Uncategorized

Is There Treasure in Your Attic?

Rodney Brooks
|
September 9, 2024
In 1989, a man’s flea market purchase of a framed painting turned out to be a gold mine. He later discovered a folded-up document behind the painting: an  […]
Uncategorized

This writer just traced his enslaved ancestors all the way to Africa. Here’s how.

Rodney Brooks
|
July 11, 2023
I knew little about either side of my family. My mom was from Warrenton, North Carolina and occasionally talked about growing up there. Her dad lived with us for a while. My… […]
Uncategorized

7 of FDR’s Most Inspiring Speeches

Rodney Brooks
|
May 19, 2023
Franklin D. Roosevelt stands as one of America’s most masterful presidential orators. His… […]
Uncategorized

Life Insurance: Forgotten Financial Tool

Rodney Brooks
|
August 25, 2022
Life insurance should be a key component of your financial plan, especially for retirees and pre-retirees. “I would recommend highly that everyone who’s concerned… […]
Uncategorized

Tax Time Tips for Older Adults

Rodney Brooks
|
April 29, 2022
With the filing deadline looming ahead, it’s the perfect opportunity to look at what changes might be in store for retirees and seniors. […]
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… […]
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 people… […]
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 enough… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Wealth and Health Disparities

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Wealth and Health Disparities

Author taps hidden history to advise Black America on closing racial wealth gap

The American dream has been a dream deferred for many Black Americans. More than 17 percent  […]
Wealth and Health Disparities

Author taps hidden history to advise Black America on closing racial wealth gap

Jolie A. Doggett, NABJ Black News & Views
|
December 11, 2024
The American dream has been a dream deferred for many Black Americans. More than 17 percent  […]
Wealth and Health Disparities

The Freedman's Savings Bank's fall is still taking a toll a century and a half later

Charisse Jones, Business Reporter, USA TODAY
|
July 8, 2024
In The Rise and Fall of the Freedman's Savings Bank and Its Lasting Socio-economic Impact on Black America (Spiramus Press), former USA TODAY… […]
Wealth and Health Disparities

Author Q&A: How the impact of a post-Civil War bank failure lingers today

Kerry Hannon, Senior Columnist, Yahoo Finance
|
June 25, 2024
What does a bank failure in 1874 have to do with the racial wealth gap in America in 2024? Turns out, a lot. […]
Wealth and Health Disparities

Baby bonds? Reparations? There’s no quick fix for racial wealth gap

Rodney Brooks
|
April 4, 2022
You learn a lot writing a book, as I did with my latest effort:“ […]
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… […]
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… […]
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… […]
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… […]
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… […]
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.

 

Learn More About Rodney

Sign Up For My Newsletter!

Subscribe for the latest news and features

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Let's Connect On Social Media

“Rodney Brooks is our most thoughtful and practical guide to managing our financial lives. He offers sensible solutions and help at all life stages.”

– Kerry Hannon, Author and Financial Expert

"If you are at all curious about closing the Black/White wealth gap and the proper management of accumulated wealth this is a rich source of insights and solutions."

– Dr. George C. Fraser, "Success Runs In Our Race and Click"

"Rodney Brooks provides another platform to empower and educate people; he has a unique ability to break down complex financial concepts into easy to understand language."

– Ann Carrozza Esq., "Love & Money"

Authored By Rodney A. Brooks

NABJ Book Award 2024
TRAFOTFBThe 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.

Click the button below to purchase your copy.

 

 

NABJ

FRWG

“Rodney A. Brooks ‘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 Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

Click the button below to purchase your copy.


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