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Does Your Family Want an Extra $120k in Retirement Income? If Yes, Read This

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(Black Enterprise) – Social Security along with America Saves, the American Savings Education Council, and the Women’s Institute for a Secure Retirement recently launched the “Campaign for a Secure Retirement: Helping Millions of Americans Plan and Save for Retirement.” The campaign, which runs through July, aims to encourage retirement planning and saving as well as promote the online Social Security Statement, available through my Social Security.

“An important part of setting a retirement income goal is understanding the role Social Security plays,” says Dallas Salisbury, President and CEO of the Employee Benefit Research Institute.

While the nation’s attention is on Social Security, we’d like to bring your attention to the fact that according to the Center for Retirement Research, Americans leave  roughly $25 billion dollars in unclaimed  Social Security benefits on the table each year.  It’s not surprising.  Hidden in the more than 2,700 rules that govern Social Security, are twists and turns that are difficult for even seasoned financial professionals to understand.  This is something we simply can’t afford.  According the AARP, about 50% of Americans depend on Social Security for at least half of their retirement income, making it one of our most important retirement assets.

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Oakland Post: Week of January 15 – 21, 2025

The printed Weekly Edition of the Oakland Post: Week of January 15 – 21, 2025

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Oakland Post: Week of January 8 – 14, 2025

The printed Weekly Edition of the Oakland Post: Week of January 8 – 14, 2025

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Oakland’s Black Chamber of Commerce Awards 63 Businesses $1,000 Micro Grants

“Our members are essential to Oakland’s economic and cultural fabric,” said Cathy Adams, president of the OAACC. “These grants are a testament to our dedication to fostering business growth and sustainability within our community.” The microgrants are designed to provide vital support for members to strengthen their operations, invest in growth opportunities, or meet pressing needs, Adams added.

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Cathy Adams, president of the OAACC. Photo courtesy of the OAACC.
Cathy Adams, president of the OAACC. Photo courtesy of the OAACC.

By Oakland Post Staff

Last week, the Oakland African American Chamber of Commerce (OAACC) announced the distribution of $63,000 in microgrants to 63 member businesses. These $1,000 grants, generously sponsored by Supervisor Nate Miley, Amazon, and the Tides Foundation, reflect the organization’s goals and unwavering commitment to empowering Black-owned businesses in Oakland.

“Our members are essential to Oakland’s economic and cultural fabric,” said Cathy Adams, president of the OAACC. “These grants are a testament to our dedication to fostering business growth and sustainability within our community.”

The microgrants are designed to provide vital support for members to strengthen their operations, invest in growth opportunities, or meet pressing needs, Adams added.

As part of this initiative, OAACC leaders are encouraging all grant recipients to inspire their communities to support Oakland-based businesses by shopping locally, sharing referrals, and following their social media pages.

For more information about the OAACC and the organization’s initiatives, please visit www.oaacc.org.

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