New Rules in Estate Planning
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 (learn more here) changed the rules for non-spousal inherited retirement accounts – and in the process may change the way bestow benefits on your children and grandchildren as part of their estate plan.
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.
