Fixing the Racial Wealth Gap - Softcover

Rodney A. Brooks

 
9780979168628: Fixing the Racial Wealth Gap

Synopsis

I've spent most of my life as a financial journalist. I've also served as an informal financial advisor to many of my African American friends and colleagues over the years. And I've become passionate about financial literacy. Whenever a new employee walked in the door, I would make sure that they were signed up for the company 401(k). I would pull them aside and explain the free money thing -- when a company matches your contributions (as most companies do) to a retirement plan and if you aren't signed up, you are passing up free money. I got so frustrated with a veteran reporter who was married with young children and never signed up for his 401(k) that I literally walked him up to the HR department and turned him over to the benefits coordinator. I grew frustrated with the human resources department that would only give new employees an 800 number and tell them to call in to get signed up for their 401(k) that I complained to the publisher that the company was not giving young employees any guidance on something that could have a huge impact on their lives. *** FINALLY, here is a practical guide for how you can build wealth. I reveal what we have been mission -- how to build wealth for future generations. Nineteen reader-friendly, illustrated chapters include: * Why a budget is crucial; * It's not hard to be a 401(k) millionaire; *and, don't let your children (or other family members) ruin your finances. My advice will make you Blacker, financially speaking.

"synopsis" may belong to another edition of this title.

About the Author

Rodney A. Brooks, a veteran journalist, writes about retirement and personal finance issues and racial and wealth and health disparities. His columns currently run in U.S. News & World Report and AARP's Senior Planet. He has also written columns for The Washington Post, USA Today and TheStreet.com. Brooks is a contributor to National Geographic, Next Avenue, Forbes, and many others. He has also written about professional athletes and their finances for the Undefeated, an ESPN website. Brooks is co-author of "Retirement Planning Essentials: A Guide to Living Well Without Running Out of Money," published in 2018. He is also author of "Is One Million Dollars Enough: A Guide to Planning for and Living Through a Successful Retirement." He is also a successful ghost writer, having written five other books, mostly for financial planners. Brooks was deputy managing editor/personal finance and retirement columnist for USA Today, where he coordinated all personal finance on all platforms for USA Today. He retired in 2015 after 30 years with the Nation's Newspaper. Previously, he was assistant business editor and reporter at the Philadelphia Inquirer. He has also worked as a reporter or editor for The Bulletin in Philadelphia, the Asheville (N.C.) Citizen-Times and the Ithaca (N.Y.) Journal. Born in Baltimore and raised in Newark and Linden, New Jersey, Brooks received a B.S. degree from Cornell University and has an executive certificate in financial planning from Georgetown University.

"About this title" may belong to another edition of this title.