Retirement and 401(k)
How to Turn Your 401(k) or IRA Into Retirement Income
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April 13, 2019
Previous generations lived differently when it came to planning for retirement. They worked for 30 years before retirement, and they knew how much their monthly pension check would be for the rest of their lives. Plus, they counted on Social Security benefits.
Hello, I'm
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
