Articles

Financial Literacy

Money: Year End Tax Moves to Make Now

Rodney Brooks
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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 Minimum Distributions, tax-deferred retirement savings, capital gains and all the talk about Roth IRA conversions moves tax planning to the top of your to-do list.

And that doesn’t mean wait till the end of the year. Sit down with your financial team – your accountant, financial planner and tax attorney – now to prepare for the most efficient tax planning for 2024.

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Authored By Rodney A. Brooks


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.

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“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

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