Retirement

As the sports world continues to process the sudden news of Kobe Bryant’s plans to retire from the NBA at the end of the current…

Skip: Hello, Mellody! Mellody: Good morning, Skip!  Skip: Today is our final segment in our retirement series!  Mellody: It is. In the previous 3 weeks we have looked at how millennials and Gen X are doing when it comes to preparing for retirement. We also talked about the President’s new program – myRA – that […]

Tom: Good morning, Mellody Hobson! Mellody: Good morning! We are talking about retirement again today and this time we are focusing on Generation X. Generation X is made up of those of us who were born between 1965 and 1978. At this point, this generation is in the prime of their careers, and probably earning […]

As career women, many of us are very much aware of the importance of saving and investing for retirement. Whether you are just starting your…

Financial guru Deborah Owens details how couples can save for retirement together and how to keep communication flowing in their relationships with The Three C’s:  Communication,…

WASHINGTON (AP) — No longer about bold ambitions, this year’s State of the Union address will focus more on what’s actually achievable. For the White House, that dose of realism is aimed at avoiding a repeat of 2013, when a long list of unfulfilled policy goals — including gun control and an immigration overhaul — […]

In today’s “Money Mondays” segment, Mellody Hobson answers “Text Tom” questions about retirement. This first one is more specific but it’s great. A listener texted that federal employees can borrow from their 401(k) plans for a one-time fee of $50. The interest and payment of the loan goes back to the employee because they’re borrowing […]

Mellody Hobson talks about common money mistakes people make in their middle ages in today’s “Money Mondays” segment. I know no one really likes to identify themselves as middle aged, so I’m not pointing any fingers! But money advice tends to focus on young people and all the financial pitfalls they should avoid—and that’s great […]

In today’s “Money Mondays” segment, Mellody Hobson talks about changing jobs and what to do with your 401(k) when making the switch. Today I want to talk about what to do with your retirement plan when you change jobs.  The first rule is NEVER EVER cash out your 401(k) plan. It seems I really can’t […]

According to numerous reports surrounding women and our relationships with money, one suggestion appears to be a main stay across most reports. It has been…

Mellody Hobson talks about how to let our kids spread their wings and fly financially on today’s “Money Mondays” segment. According to the Pew Research Center, nearly half of middle-aged adults gave financial support to a grown child last year. Half.  You can blame it on the sluggish economy or the rough job market or […]

Mellody Hobson talks more on retirement in today’s segment of “Money Mondays.” Last week, we talked about a potential retirement crisis for this country. People aren’t saving enough. So that begs the question—How much are you supposed to save? How much ARE you supposed to save? Unfortunately, there is not a silver bullet for retirement.  […]