Retirement Savers Benefit From Changes to 401(k)s
There have been a lot of recent changes to 401(k) plans, which is generally good news for workers saving for retirement. The Setting Every Community Up for Retirement Enhancement Act has brought some dramatic changes for retirees. "This is considered the biggest set of changes to retirement legislation in more than 10 years," says David Schneider, a certified financial planner and founder of Schneider Wealth Strategies in New York City.
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.
