retirement

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…

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…

SKIP CHEATHAM: This morning you are joining us with some news from the retirement front, is that right? MELLODY: You’ve got it, Skip. There were a…

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…

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…

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…

Did you know that McDonald’s and WalMart have the highest employment rate of elderly people? I know you’ve seen them: greeting at the door, checking your returned items, slowly taking your order at the drive-thru window, cashiering.  Will that be you?  Will you have to work during your retirement years? Sadly, most people will not be […]

The old rules of thumb on how much you should withdraw from your retirement savings each year may no longer apply.T he old thinking was 4% a year, but after the financial crisis, new research predicts that is too much and you may run out of money. Three percent may be a better goa Diversify […]

An IRA is an Individual Retirement Account.  It is an investment fund designed to provide you with income during your retirement years.  Many people are familiar with an IRA since 401Ks are offered through some employers.  Most people rarely know the difference between the types of IRAs and their pros and cons. When I sit down with a […]

Have you ever read your Social Security statement?  Most of my clients say, “No”.  Many people simply get it in the mail and stash it in the pile of papers for shredding at best or toss it in the trash as soon as it arrives.  But the reality is, you need to know what it tells […]

As people lose their jobs, transition to new careers, retire or keep their money in a bank savings/CDs etc.,  they are often left with 401K plans, 403Bs  and other investment accounts that are unable to earn a significant interest rate.  This money is considered “dead”.  There is no way of reviving it unless it is rolled over or invested in a vehicle that is […]

Between 1946 and 1964, there were 76 million children born, which was an average of more than 4 millionaire births per year.  That growth surge was coined, the “baby boom” generation.  They became known as risk takers, job starters, law changers and more.  They paved the way for their future families to have abundantly more than they.  […]