It’s Not Too Late: You, Too, Can Be a Financial Success

Maggie Lena Walker, born in 1864 in Richmond, Va., grew up helping her formerly enslaved mother wash clothes for others to make a living. Thirty-nine years later, on April 27, 1903, Maggie Walker became America’s first black woman to establish and head a bank. Imagine the discipline, the wisdom, but most of all the money management skills that it took to found and become president of Richmond’s St. Luke Penny Bank and Trust Co., which eventually expanded into seven branches. …

Investors Win in Supreme Court 401(k) Decision

The U.S. Supreme Court this week sent a strong message to employers offering 401(k)s: You can’t just pick investments for the plan and then forget about them. This unanimous decision is expected to provide greater protection for 401(k) participants who increasingly rely on these plans to fund their retirement. And it may also trigger more lawsuits by workers unhappy with their investment options and the fees charged, legal experts say. “Participants over the long term should benefit from all of …

Game On! Challenge Yourself With Something New and Exciting

Recently, I went to the ballpark for fun with my kids, Ayanna and Andrew. The Nationals and the Phillies were playing! Then I was off to Yale University, my alma mater of long ago, to speak to four business school classes. Whenever I visit, I have the same insecurities as way back when. But I’ve found my voice and my self-confidence in the years since. As I said on Facebook, it was game on. The reality is that my life …

Lobby Day: Taking Capitol Hill by Storm

Today, I’m proud to join AARP volunteers from every state in making our voices heard on Capitol Hill. We will meet with members of the House and Senate from all 50 states, urging them to pass laws to protect and enhance the health and economic security of all people as they age. We will also express our thanks to those members who helped pass a “doc fix” law that allows Medicare beneficiaries to continue seeing their physicians. The issues we …

Zorro Lunch Box or Retirement Account, How Are You Saving for Your Future?

Growing up, I could tell  when my Pop was coming home from work by hearing the jingling of change in his pockets. And, every night before he sat down for family dinner, Pop would go to the basement and empty the contents of his pockets into a Zorro lunch box for safekeeping. Mom and Pop were devoted savers — Pop in his lunch box and Mom in her Christmas Club account at the bank. One day Pop announced, “It’s time …

Remembering Willie T. Barrow, ‘the Little Warrior’

Just last year I wrote about the Rev. Willie T. Barrow, nicknamed the Little Warrior, as an example of seasoned civil rights leaders who chose to stay in the battle instead of retiring. Receiving an award, she once said, “At the age of 89 years, I’m still working. The good Lord is not through with me yet.” Barrow, a veteran foot soldier for civil rights, passed away March 12 at the age of 90. The field organizer for the Rev. …