Tag Archives: 401k

10 money moves - savings_crop

Report Finds Differences in Retirement Savings Habits

Roth IRA investors tend to be consistent savers

A recent report shows in any given year, more than three in 10 Roth IRA…

By Sheiresa Ngo

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What You Should Know About the Roth 401(k)

Determining when to pay taxes could make all the difference in your retirement nest egg

While many people save for retirement in a 401(k) plan because it lets them defer…

By Tamara E. Holmes

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5 Tips to Improve your 401(k) Plan

Make sure you don’t fall short and outlive your savings

Millions of Americans put their 401(k) plans on autopilot, have limited knowledge about how and…

By LaToya M. Smith

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5 Ways to Profit From Investing in the “Obama Economy”

Right now is the best time for you to invest.

The stock market has gotten off to a rip-roaring start this year. And right now…

By Derek T. Dingle

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Ask the Money Coach: Are You Ever Too Old to Start a 401(K)?

Whether it's you or your grandma, here's what you need to know about saving for retirement

Money Coach Lynnette Khalfani-Cox tells you if you’re ever told old to start planning for…

By Lynnette Khalfani-Cox

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(Image: ThinkStock)

5 Ways To Upgrade Your Investments As Nation Deals With Debt Downgrade

Even though investors are reeling from the toughest market since 2008 you can still build your portfolio & protect your assets

Standard & Poor’s downgrade of the United States’ AAA credit rating to a AA+ could…

By Derek T. Dingle

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Preview B.E. Business Report: Bridal Designer Amsale

Also: Cosmetic surgeon Dr. Michael Jones, launching a 401(k) plan

Power couple Amsale Aberra and Neil Brown, the husband and wife team behind Amsale, the…

By BlackEnterprise.com

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Switching Jobs: What Happens to My 401(k)?

When making a career move, be sure to know your options and protect your retirement money

Four options for handling retirement plan assets when you change jobs

By LaToya M. Smith

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5 Steps to Improving the Investment Options in Your Employer’s 401(k) Plan

Here's how to get your employer to explore more 401(k) options

Here’s how to get your employer to explore more 401(k) options

By Renita Burns

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6) The rich versus the wealthy: Chris Rock says there's a big difference between rich and wealthy. (Remember? “If Bill Gates woke up with Oprah’s money he’d jump out a [bleeping] window.”) Maybe not; but White believes the true definition is when you no longer have to work for your money; instead your money works for you, your children, your grandchildren... "If you can invest and have your money yield whatever the prevailing interest rate is on that amount at the time, say 3%, and you can live off that interest, you're on your way to being wealthy.”

4/11: 11 Ways to Get Your Money Right for the New Year

Time to get serious about your money matters. Here's how!

</a>With 2010 logged into the history books, it’s time to look forward to the future…

By Elayne Fluker

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WATCH: 5 Money Management Tips With Mellody Hobson

What young people need to know about investing. (It's not as difficult as you think!)

The Ariel Investments President shares her wisdom on the power of saving and investing.

By Anslem Samuel

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Middle-class African Americans are more likely than whites to have cut back on saving and investing in order to make it through the recession, according to the 2010 Ariel Black Investor Survey. The data is not unexpected since the unemployment rate for African Americans (15.4%) continues to track higher than the overall jobless rate for all Americans (9.5%). “In times of economic hardship, people have to make difficult decisions,” said Mellody Hobson, Ariel president and columnist for Black Enterprise magazine. “Unfortunately, the resulting trade-offs mean many in our community are slipping even further behind.”

African American Investors are Down, but Not Out

Cutting back on saving and spending, helps blacks make it through recession

Middle-class African Americans are more likely than whites to have cut back on saving and…

By Deborah Creighton Skinner

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eyesontheprize

Eyes on the Prize

April McLemore wants to �retire by age 55. But will she have enough money saved in 16 years to live �comfortably?

Friends and family aren’t likely to find April McLemore shopping in stores such as Nordstrom…

By Carolyn M. Brown

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Cutting Edge: When Your Employer Switches 401(k) Providers

How to figure out what it means for your portfolio

A few months ago, we received notice from our human resources department that we were…

By Renita Burns

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Money Matters: Will Withdrawing Cause More Hardship?

I’d like to make a hardship withdrawal from my Fidelity 401(k). How much will I…

By John Simons

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Building Wealth

Ebony Smith seeks the tools to increase her net worth

Ebony Smith says losing her job was a blessing in disguise. In 2008, the former…

By Sheryl Nance-Nash

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Staying on Track

Dasha Lundy seeks to establish a strong financial foundation-with or without a mate

Like mother, like daughter. And that’s just fine by Dasha Lundy. Her mother taught her…

By Sheryl Nance-Nash

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Money Matters: Preparing for Retirement

Ask yourself key questions to reveal how best to structure your investments

I’m 61 years old and would like to retire in seven years. I have…

By John Simons

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Rethink Your Retirement Plan

What you can learn from expert makeovers of real-life retirement savings strategies

There are few guarantees in life—especially when it comes to planning for your golden years.…

By Donald Jay Korn

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Looking to Jump Back Into Stocks? Now May Be the Right Time

An expected market dip could provide prime opportunity

Lately, I’ve been feeling left out of the party. (And, no, it’s not because my…

By John Simons

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Why America Needs Uncle Sam’s Financial Lessons

Is it government�s job to convince more Americans to save and invest?

One of the arguments conservatives are leveling against President Barack Obama’s proposed Consumer Financial Protection…

By John Simons

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Not Quite a Bull’s-eye

Target-date funds make investing easy, but they sometimes miss the mark

Imagine an investment that magically adjusts itself over time to reflect your financial needs—as you…

By Dale Coachman

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6. I Will Devise an Investment Plan for My Retirement Needs and Childrens’ Education

The reality is that your chances of building wealth are optimized when you invest. It…

By Carolyn M. Brown

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Rate of Stock Ownership Among Blacks Drops Despite Previous Growth

Experts encourage educated investing in tough economy

Recent economic woes and a slump in the stock market may contribute to an already…

By Renita Burns

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Women & Money: Tips for Financial Empowerment

Credit counseling CEO gives insights on money management

Savvy money management skills are a necessity to weather these tough economic times. BlackEnterprise.com has…

By BlackEnterprise.com

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What NOT to Do in an Economic Downturn

Sure, the financial markets are in a tailspin. But, take a deep breath--and don't panic

There’s little question—the financial markets in 2008 have been scary. The stock market has fallen…

By Mellody Hobson

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Give Yourself A Holiday Tax Gift

Make year-end moves that can pay off next April

It’s not too late to trim your tax bill for 2008. Here’s what you can…

By Donald Jay Korn

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Retirement Funds and Your Small Business

Cost-effective ways to offer employees a much-needed benefit

With the current economic environment, many entrepreneurs believe they can’t afford to give their employees…

By Margarette Burnette

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Saving Early for Your Retirement

Though decades away, developing a plan in your 20s vital

n your 20s, retirement is a bit like global warming. You know the day of…

By Ilana Polyak

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In Your 30s, Think About Your 60s

The more years invested in retirement savings, the better

Young investors have a valuable asset, yet many neglect to take advantage. The more years…

By Donald Jay Korn

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Retiring In Your 40s

Peak earning years make for prime retirement savings options.

Those intermittent aches and pains in your 40s are a very powerful reminder that retirement…

By Ilana Polyak

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You Can Retire Early

Live off of your retirement income before age 62

If you’re not sure about when to retire, you’re not alone.

By Donald Jay Korn

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Get Creative With Compensation

When paying employees, consider incentives other than cash

When Stephany Deberry opened her first Simply Salads and Smoothies restaurant in Leesburg, Virginia, limited…

By Tamara E. Holmes

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