New rules will increase tax burden on inherited retirement plans

Sally, a successful small business owner, knows how to stretch a dollar. Her clients and four employees value her financial acumen, and she brings the same keen discretion to her personal finances. Thirty years ago, Sally inherited what was left in her father’s IRA and by limiting her withdrawals to the minimum required distributions (MRD) […]

New York Life’s $50 billion empowerment tour stops in Chicago

A group of African American business owners and financial professionals met in Chicago recently to discuss the state of African American financial literacy. The event was presented by Leak and Sons Funeral Homes. The guest of honor was Margarita Anderson, the author of Our Black Year. The group gathered at the Welcome Inn Bed and […]