Financial Literacy
Year End Tax Tips
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December 11, 2024
Between wages, pensions, dividends and interest and annuities, it’s not unusual for older Americans to have multiple sources of taxable income in any tax year. That can make tax time more complex, especially if you are at the age when you must take Required Minimum Distributions (RMDs) from you tax-deferred retirement accounts.
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.
