What's the best retirement advice you ever got?
I never had the opportunity to get retirement advice from my dad. He died at 43, when I was only 16. He never even had a chance to experience retirement. I've often wondered what he would have told me and my two brothers.
So, I talked to people from all walks of life from around the country over the past few months, and I put the same question to each of them: What was the best retirement advice you ever got, and who gave it to you? Turns out the advice came from everywhere — moms, dads, teachers and even mentors. It's all good solid advice that I'm sure many of us would have loved to receive, specially when we were in our 20s.
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.
