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Made In Rural America

Made In Rural America
“Only the Serious Need Attend” could have been the slogan for the Made In Rural America forum held at Southwest Tennessee Community College – Macon Cove Campus last week (July 17th).
 
In a smal

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Naturals in the City Hair & Wellness Expo – Year III

Naturals in the City Hair & Wellness Expo – Year III
 
There is an empowering ring to the thought that natural beauty has an inside presence just waiting for the embrace of women, men and children. In that sense, TaKeisha Berry-Brooks is an empowering person.
 
 
The founder of the Naturals in the City Hair & Wellness Expo, Berry-Brooks was an organizer in motion this past weekend as the third annual event unfolded, drawing a lively crowd to Minglewood Hall on Saturday.

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What are SEP IRAs?

What are SEP IRAs?
A simplified employee pension plan (SEP) is a deferred-compensation arrangement that is similar to a profit-sharing plan. It can be set up by employers and self-employed individuals, as well as sole proprietorships and partnerships. Employers receive tax deductions for plan contributions made to employees’ accounts, and employees do not pay taxes on SEP contributions until they begin taking distributions (generally, in retirement).
 
Thus, SEPs can be attractive to both the employer and the employee.

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‘The State of Black Euphoria’

‘The State of Black Euphoria’
How amazing it is that black people in this nation, collectively, are the worst off but yet the most comical, entertaining, ostentatious, and self-defeating of all other groups.  It is striking how, in spite of all the negative aspects of our lives, we spend a great deal of our time living vicariously through the lives of super-stars and mega-heroes. They say “Ignorance is bliss,” so maybe we should use that phrase to our advantage by reporting the other side of the bad stuff we face.

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A partnership to corral the $40 billion African Americans spend annually on travel and tourism

A partnership to corral the $40 billion African Americans spend annually on travel and tourism
WASHINGTON – The U.S. Black Chambers (USBC) and the National Association of Black Hotel Owners, Operators, and Developers (NABHOOD) are now partners in a move to make sure that a significant portion of the $40 billion African Americans spend each year on travel and tourism remains in African-American hands.
 
The partnership was launched last week at the start of USBC’s professional development conference, held at the Marriott Marquis in the District of Columbia. The newly-opened, four-star hotel, next to the Walter E. Washington Convention Center, was jointly financed by Capstone Development, a private, black-owned development firm.

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Why do people buy annuities?

Why do people buy annuities?
Annuities are insurance-based financial vehicles that can provide many benefits sought by retirement-minded investors. There are a number of reasons why people buy annuities.
 
Deferral of taxes is a big benefit, and so is the ability to put large sums of money into an annuity — more than is allowed annually in a 401(k) plan or an IRA — all at once or over a period of time. Annuities offer flexible payout options that can help retirees meet their cash-flow needs. They also offer a death benefit; generally, if the contract owner or annuitant dies before the annuitization stage, the beneficiary will receive a death benefit at least equal to the net premiums paid. 

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Debt settlement programs are misleading

Debt settlement programs are misleading
You’ve probably heard the advertisements on urban radio urging consumers with at least $10,000 in debt to call a number right away for a financial rescue. Promising to end debt troubles by getting creditors to somehow accept less money than what is owed can sound really appealing. In reality, however, consumers mired in debt may often find debt settlement programs to be costly, misleading, and far less helpful than the radio ad promises.
 
In the newest chapter in the research series titled The State of Lending, the Center for Responsible Lending (CRL) finds that debt settlement is a risky strategy that can leave consumers more financially vulnerable and still laden with debt years after they enroll in such programs.
 
Regardless of how well consumers follow the instructions of their debt settlement firm, they may ultimately be unsuccessful because many creditors simply refuse to deal with debt settlement companies.

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Too many African Americans are ‘credit invisible’

Too many African Americans are ‘credit invisible’
“I am invisible, understand,” Ralph Ellison famously wrote, “simply because people refuse to see me.”
 
He was speaking of the double consciousness that accompanied the burden of blackness in America more than 60 years ago. But according to Yale professor Frederick Wherry, this conundrum is not just social and political but also economic—and that sense of invisibility persists in the 21st century.
 
It may come as no surprise that in the nation’s supposedly colorblind age, access to income, credit and financial solutions remains riddled with racial inequity – and those on the losing end are disproportionately African American.

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