Retirement Living
Where’s Your Retirement Emergency Fund?
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September 14, 2020
By now, most people know that financial planners recommend you keep three to six month’s expenses tucked away in case of emergency or unemployment.
It may be even more imperative for retirees, considering that many have not saved enough and no longer have a regular paycheck if something does happen.
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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.
