Budgeting and Financial Planning
Retiree Stock Market Scare?
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June 12, 2025
The volatility in the stock market makes now a scary time for many retirees and pre-retirees who are worried about their nest eggs. According to CNN: “President Donald Trump’s first 100 days have coincided with the stock market’s third-worst start to any presidency in U.S. history, only behind Richard Nixon and Gerald Ford.”
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.
