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Business

Catch up for a more comfortable retirement

Catch up for a more comfortable retirement
Seven out of 10 workers aged 50 and older are confident that they will have enough money to cover basic expenses in retirement. When it comes to the prospect of living comfortably in retirement, however, the percentage expressing confidence drops to 53 percent — and only 14% are “very confident.”
 
If your retirement account balance is lagging and you are 50 or older, you can give your savings a boost by taking advantage of catch-up contributions that are available for IRAs and employer-sponsored retirement plans.

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Growing income gap between blacks and whites impacts banking access

Growing income gap between blacks and whites impacts banking access
(PRNewswire) – A new GoBankingRates study examined current and historical data on online banking habits across several demographic groups.
 
The findings revealed that blacks are statistically slower to adopt online banking than whites – data that some experts suggest might be tied to a widening median household income gap between blacks and whites.
 
"The media often talks about economic disparities in America; when we looked at digital trends in banking, we saw a clear racial divide when it came to access to modern banking technology," said GoBankingRates.com editor Jennifer Calonia.

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Lawyers of Color 2014 Hot List has a Memphis element

Lawyers of Color 2014 Hot List has a Memphis element
Ahsaki Baptist, an attorney with Wyatt, Tarrant & Combs, LLP, has been named to the Lawyers of Color 2014 Hot List, which recognizes minority attorneys that excel in the legal field.  
 
Lawyers of Color, a Washington D.C.-based media and research group that promotes the causes and contributions of the nation’s minority attorneys, annually selects honorees that excel in the legal field and are involved in initiatives that promote diversity.

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Be careful about cashing out

Be careful about cashing out
Since the recession, Americans have been keeping their jobs longer. In 2012, the average tenure for U.S. workers was 4.6 years, up from 3.7 years in 2002. Even so, there’s a good chance you may move on to a new job in the not-too-distant future, and when you do you could face a decision about how to handle any funds you have accumulated in your employer-sponsored retirement plan.
 
Typically, you have four choices, depending on the situation:

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African Americans, a ‘Fourth Quarter People’

 African Americans, a ‘Fourth Quarter People’
The winner of the U. S. Minority Business Development Agency's (MBDA) Lifetime Achievement Award says the economic fate of America's African-American community "hangs in the balance" because "we are a fourth quarter people".
 
Michael Grant, president of the National Bankers Association and its foundation, says, "Unlike our Hispanic and Asian brothers and sisters, we had to spend the first three quarters just getting in the game...So you see, all things being equal, our ethnic counterparts came to the game with a different mindset, a different set of circumstances, a different self-image, and already with some capital from back home."

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UTHSC’S growing presence on the pharmaceutical stage

UTHSC’S growing presence on the pharmaceutical stage
With the University of Tennessee Health Science Center preparing to build a state-of-the-art pharmaceutical manufacturing facility on campus it’s easy to see why the university’s executive vice chancellor and chief operations officer has such an abiding interest in pharmaceutical safety.
 
Dr. Ken Brown took that interest to New York City recently where he talked to the World Korean Medical Organization about pharmaceutical supply chain safety. His role as guest speaker at the international health care convention reflects UTHSC’s growing presence on the national and international pharmaceutical stage.

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Fall and winter businesses

Fall and winter businesses
The time for summer vacations, parties and lounging by the pool is coming to a close.  As the kids begin school, seasonal summer businesses of lawns and pool cleaning will soon come to an end.  But have no fear, fall and winter bring additional opportunities for entrepreneurs to earn income.
 
There are a number of seasonal fall and winter businesses that have a low cost of entry.  These businesses do not necessarily require major startup capital or years of training to pursue.
 

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