Tag Archives: Retirement

When it comes to success in getting and making a living from freelance work, the more resources, the better. Here are 6 resources every independent worker should know about, from health insurance information to getting your next gig.  --- Starrene Rhett

6 Resources Every Freelancer Should Know

From health insurance to job opportunites, these will ensure your career success

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By Starrene Rhett

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How much do you think you need to save for retirement? According to a survey of registered investment advisors (RIAs) commissioned by Scottrade Services, the average American believes they need around $1 million to retire comfortably. However, many advisors say that most couples could need two to three times this amount to make sure they don't outlive their money. (Use this calculator from cnnmoney.com to estimate how much you need.)  Regardless of whether you’ll truly need $300,000 or $3 million, The cold, hard truth is that many baby boomers and pre-retirees simply will not save enough money to retire comfortably. Thus, retirement in the traditional sense is simply out of the question. If you’re one of those people, what choices do you have? Here are some options to consider.---Lynnette Khalfani-Cox

What to Do If Retirement is No Longer an Option

Times have changed, and so have dreams of an early retirement. Use these tips to make sure to make sure you prepare for your future

Times have changed, and so have dreams of an early retirement. If you’re close that…

By Lynnette Khalfani-Cox

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Playing Catch-Up

To reach their retirement goals, Lee and Tayo Ferguson must save more and spend less

Lee and Tayo Ferguson have all the trappings of middle-class success: two stable careers, a…

By Carolyn M. Brown

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End of the World Checklist: Do You Have Your Financial House in Order?

What will your financial legacy say about you when your world ends?

BlackEnterprise.com’s checklist to prepare to leave behind your financial legacy via estate planning and living…

By Janell Hazelwood

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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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On Their Behalf

Choose the best retirement plan for your employees

Only 18% of small business owners participate in a 401(k) or thrift plan according to…

By Renita Burns

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According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less than whites of similar incomes over the past decade. As BLACK ENTERPRISE CEO Earl "Butch" Graves, Jr. wrote in a recent Executive Memo: "Make money work for you, not against you. We must reverse this trend by taking a disciplined approach." For the February issue of BLACK ENTERPRISE magazine, I charged our Finance Editor John Simons and our Consumer Affairs Editor Sheiresa Ngo with wwweloping 10 power moves to improve our readers' finances. Follow these tips to better manage your money today an dreap huge benefits tomorrow!--Derek Dingle

10 Power Moves to Help You Better Manage Your Money

Simple steps to help you spend, save and invest smarter

According to the 2010 Ariel Black Investor Survey, African Americans consistently saved and invested less…

By Derek T. Dingle

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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!

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By Elayne Fluker

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Year-End Financial Checkup

Use this guide to help you evaluate your financial health

Here are some guidelines to help you conduct your own financial checkup.

By Sheryl Nance-Nash

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Middle age. In your 40s and 50s, retirement should be top of mind now more than ever. Make sure that you’re taking full advantage of your company’s retirement plan. Contribute at least enough to receive the full match. Also make sure that you haven’t underestimated your time horizon. You don’t want to run out of money too soon.

Smart Money Moves for Every Stage of Life

You're never too young to start planning for your financial future

No matter what stage of life you’re in, it’s never to early–or late–to begin managing…

By Sheiresa Ngo

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Building Wealth Requires Do-it-Yourself Investing

Increasingly, we must all fend for ourselves when it comes to living comfortably in our golden years

This year, my 6-year-old daughter, Ella, learned how to count money. I burst with…

By John Simons

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Plan Well, Retire Rich

How Tony Gittens and Jennifer Lawson invested for a long, healthy retirement

If You were to accuse Tony Gittens and his wife, Jennifer Lawson, of being obsessive…

By Glenn Townes

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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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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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Investing 101: Which Method Will You Use to Invest?

Do you go it alone or use a financial adviser? Your answer will determine your investing plan

Before you get too far along in creating your investment plan, stop and take a…

By Patricia Stallworth

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Investing 101: How to Create the Perfect Financial Plan

Don't wait. Prioritize your goals and get started now!

A good plan is key to a successful investment program. The basis or foundation of…

By Patricia Stallworth

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End Your Comfortable Relationship With Debt

Financial freedom gives you real control over your life, but it comes at a price

In many cases, the biggest determiner of whether or not you achieve financial independence lies…

By Patricia Stallworth

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Money Matters: Managing Retirement Accounts

I have a few retirement accounts set up. Can you provide me with a list…

By John Simons

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Investing Rules for Women: Invest for Your Retirement

Once you start putting money in that retirement purse, don't take it out

There are countless resources available to help you learn the fundamentals of investing. This week,…

By Sheiresa Ngo

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