401k Archives - Black Enterprise

Money

BET Founder Bob Johnson Says This 401(k) Program Would Generate $191 Billion in Retirement Savings for Black Workers

Jeffrey McKinneyJuly 15, 2020July 15, 2020

by Jeffrey McKinneyJuly 15, 2020July 15, 202015514

BET founder Bob Johnson told Black Enterprise that if large 401(k) record keepers like Vanguard and Fidelity would embrace auto portability, it would generate $191...

Money

African American Business Magnate Joins Senator on Mission to Maximize Our 401(k)s

Jeffrey McKinneyAugust 2, 2017September 29, 2017

by Jeffrey McKinneyAugust 2, 2017September 29, 20171181

About 14 million Americans on average change jobs each year, with about 40% them opting to “cash out” their 401(k)s instead of shifting those funds......

Money

Millennial Women: 4 Steps to Ensure the Retirement of Your Dreams

Janell HazelwoodApril 30, 2017September 23, 2017

by Janell HazelwoodApril 30, 2017September 23, 2017663

Most retirement savings advice can be beneficial to anyone, no matter their sex. But, young women, in particular, need to start early in creatingÂ theirÂ retirement plan....

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Should You Ever Borrow From Your 401(k)?

Carrie PinkNovember 23, 2016November 22, 2016

by Carrie PinkNovember 23, 2016November 22, 2016569

Should you ever borrow from your 401k? Is tapping into your account and taking a loan ever considered a smart thing to do?...

Money

Massive Investment Gap Between Black and White 401 (k) Owners

Stacey TisdaleAugust 1, 2016October 21, 2019

by Stacey TisdaleAugust 1, 2016October 21, 2019426

retirement, 401 (k), IRA, investing...

Money

How To Make Extra Money In Retirement

Stacey TisdaleJuly 29, 2016October 21, 2019

by Stacey TisdaleJuly 29, 2016October 21, 2019508

According to the Urban Institute, the average white family had more than $130,000 in liquid retirement savings, compared to $19,000 for the average African American...

Money

Boost Retirement Savings With These New And Simple Strategies

Stacey TisdaleMay 24, 2016October 21, 2019

by Stacey TisdaleMay 24, 2016October 21, 2019276

"When you look at the social and economic realities of the day, particularly the fact that we are living so much longer, you could do...

Money

Top 100 CEOs Have as Much in Retirement Assets as 41% of American Families

Stacey TisdaleApril 5, 2016October 21, 2019

by Stacey TisdaleApril 5, 2016October 21, 2019338

â€œThe CEOsâ€™ extraordinary nest eggs are not the result of extraordinary performance,â€ notes Scott Klinger, director of Revenue and Spending Policies at the Center for...

Money

You’re Contributing To Your 401(K), Now What?

Carrie PinkMarch 17, 2016May 17, 2018

by Carrie PinkMarch 17, 2016May 17, 2018589

If youâ€™re contributing to your 401k and ready to invest toward your other financial goals for the future, hereâ€™s how you can get started....

Money

[Study] Women Are Feeling Financially Empowered

Stacey TisdaleMarch 11, 2016September 28, 2017

by Stacey TisdaleMarch 11, 2016September 28, 2017666

â€œIn fact, American women and men have a lot to learn from one another, as good financial and investment planning needs to reflect both objectives,â€...