Why is it now so important to talk about retirement planning for workers without an employer-sponsored plan? Only about half of all Americans have access to plans available through their job, according to a 2018 report from the Stanford Center on Longevity. The other half are freelancers or workers with multiple jobs or part-time jobs […]

Money Mondays

OneUnited Bank, the nation’s largest Black bank, is proud to announce its 9th Annual “I Got Bank!” Financial Literacy Contest where ten children will win a $1,000 savings account for the best essays and the best art projects that represent the “I Got Bank!” theme. In addition, OneUnited Bank President & Owner Teri Williams, author […]

TODAY WE ARE TALKING ABOUT GRADUATES OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, AND STUDENT LOAN DEBT. WHAT IS THE LATEST? A recent article in The Wall Street Journal caught my eye. In it, the authors note that while historically Black colleges and universities have helped millions of Black students achieve financial prosperity, they may now […]

Attention all procrastinators: Tax Day is here, it’s time to face the music. Today is the last day to either file your 2018 taxes or file an extension. Here are a few tips that even last-minute filers can use to stay of out trouble with the IRS and perhaps even save a few bucks. Are […]

What’s the good news in the stock market? I am happy to join Money Monday this morning with good news, and that is not an April Fool’s joke. On Friday, the US markets closed out a great quarter. The S&P 500 rose 0.7% to 2834.4, closing out the quarter up 13% for the quarter, its […]

HOW CAN PARENTS’ GENEROSITY TOWARD THEIR CHILDREN CAN HURT THEIR RETIREMENT? There was a great article in Barron’s this past week that highlighted the many ways parents can put their retirement at risk by prioritizing their children financially. In a 2018 Bank of America Merrill Lynch and Age Wave survey, nearly 3 in 4 of […]

WHAT’S THE NEWS ON MINIMUM WAGE? Put simply, we are seeing progress around the country when it comes to raising the minimum wage. Since 2016, five states and the District of Columbia have raised their wage floor to $15 per hour. My home state of Illinois was the latest state to get on the bandwagon, […]

You are here this morning to discuss why some states and cities are fighting the move away from cash. What’s the story? In recent years we have seen a rapid shift away from cash, both in the U.S. and around the world. Fewer people are using paper money, and the number of retailers cutting out […]

VALENTINE’S DAY IS THURSDAY AND TODAY WE ARE TALKING LOVE AND MONEY.  While millions of people are making plans for Thursday, a much smaller number is thinking about the role finances play in their relationship. And while talking about money isn’t exactly romantic, it is a mistake to ignore the role it can play in […]

Life & Style

As of midnight on Saturday, January 12, the current partial shutdown of the U.S. government became the longest of its kind in history. Even though 7 in 10 Americans call the shutdown “embarrassing” and believe it will hurt the country and the economy, political leaders on both sides seem unwilling to give in. Here’s how […]

Today we are discussing divorce. It’s not the cheeriest topic to kick off the new year with, so why is it on your mind? We just finished the holidays, and are now entering what some call the divorce season because divorce filings begin to spike in January, peaking in February and March. Indeed, studies show that one […]

With unemployment at historic lows, rising wages and consumer confidence have hit an 18-year-high. Consumers are understandably in good cheer and ready to go out and spend this holiday season. But for you, the thrill of the deal can quickly turn in to despair over the debt if you go overboard with your holiday gift […]