“Gray” Divorce
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 buyout. They wanted to know if he could afford to retire early. Henderson told the couple that the numbers looked good, and he could retire.
Neither had planned for his early retirement. The husband wasn’t sure how he was going to spend his time, but he made it clear that he didn’t want to continue working. He took the early retirement.
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.
Sign Up For My Newsletter!
Subscribe for the latest news and features
The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
