Life & Style

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes. But retiring a mortgage before you retire isn’t always possible. Financial planners recommend creating a Plan B to ensure you don’t wind […]

We are talking about our 401k accounts. Why? There is a new study out that highlights a challenge to retirement saving for many Americans. As you know, employer sponsored 401k accounts are the backbone of many people’s retirement saving. In recent years, many employers have embraced automatic enrollment, meaning they sign employees up for 401k […]

Former New York Giants wide receiver Victor Cruz has done his last cha-cha in the opponent’s end zone, as the 31-year-old announced his retirement Tuesday adding that he will be joining ESPN as an NFL analyst. “As I officially close one chapter of my life and begin another, I could not be more thrilled to […]

10/9/17- Jeannie from Atlanta got it in this weekend at her retirement party celebrating 30 years of work at her local police department. But it was her guest that really made the party something. Listen above to find out how she got it in! Like BlackAmericaWeb.com on Facebook. Follow us on Twitter and Instagram Sign Up For Our Newsletter!

A new study shows women are better at saving for retirement than men. That’s right. A new study of Fidelity Investments client data found that women earned 0.4 percent higher returns and save a higher percentage of their paychecks than men do, at that is true at every salary level. According to the data, women save 9 percent […]

We are talking retirement again this week, but from a different perspective. This morning, you are here to give us some tips for retiring single. Why? There are simply more people facing retirement without a spouse – either by choice, or because they are divorced or widowed. In 2015, for the first time in the […]

This morning’s topic is an important one – the retirement savings gap between blacks and whites. What is the latest? The news continues to be bad. According to an article in Forbes last week by Rodney Brooks, Black Americans continue to lag far behind whites when it comes to retirement savings. Data from 2013 – the most […]

  Tom: This morning we have another topic that listeners had a number of questions about: Social security. Are you ready to help us out? Mellody: I most certainly am! First, let’s start with the basics. Is everyone eligible? Actually, not everyone is automatically eligible, but it is not very difficult. In order to qualify for benefits, […]

The nation is in pins and needles trying to figure out exactly what “going over the fiscal cliff” means for the average middle income family.…

  Tom: Today we are talking about market volatility, correct?  Mellody: Yes we are! Since December, the stock market has experienced a period of volatility that has been unsettling to many investors. After all, until August the U.S. indices experienced a bull market that lasted over six and half years! Because of this, many have forgotten that some […]

What are some year-end financials tips? MELLODY: The end of the year is always a busy time with all of the planning for the season, the holiday celebrations, and of course running to the mall – or hopping online – for those last-minute gifts. But in the midst of all of this, it is always good […]