Articles

Retirement Living

“Gray” Divorce

Rodney Brooks
|
August 9, 2021

Here’s a familiar “grey divorce” scenario – almost.

The couple came to financial planner Beau Henderson’s office after the husband was offered an early retirement buyout. They wanted to know if he could afford to retire early. Henderson told the couple that the numbers looked good, and he could retire.

Neither had planned for his early retirement. The husband wasn’t sure how he was going to spend his time, but he made it clear that he didn’t want to continue working.  He took the early retirement.

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Authored By Rodney A. Brooks


TRAFOTFBThe author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.

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“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

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