Articles

Retirement Living

Launching a business? Don’t let your dream drain your retirement savings

Rodney Brooks
|
August 12, 2016

It’s something many of us dream about every day: retiring from that 9-to-5 and starting a business. 

It might be opening up a bed and breakfast. Or creating a little used-book store at the beach. It could mean doing what you’ve done all your life, just not having someone bossing you around.

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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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NABJ

FRWG

“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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