140 episodes
Staying in the Black Ms. Black
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- Education
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4.9 • 15 Ratings
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Stay in the Black is dedicated helping teachers get their money straight and live their fullest life on a public servant salary Are you a teacher living check to check? Are you worried about your student loans? Can you afford to purchase a home? Can you afford to have children or send them to college? In this podcast we will cover pensions, student loans, side hustles and ways to maximize and expand your finances. We will also cover budgets, saving, credit and more! You will find information, interviews, book reviews and you will leave with action steps to help you Stay in the Black, for more go to stayingintheblk.com
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Runway to Retirement Q3
In this episode Ms. Black share her Runway to Retirement journey, including her actual
retirement account balances for Q3.
Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk -
How to withdraw from your retirement accounts?
In this episode Ms. Black discusses how to withdraw from your retirement accounts and questions you should ask your tax professional.
Learn when you can start receiving your Social Security retirement benefits
URL: https://www.ssa.gov/benefits/retirement/planner/agereduction.html
Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk -
Why it’s NEVER to late too start investing for retirement?
in this episode Ms. Black talks about how to leverage a Roth IRA to prepare for retirement at any age.
Roth IRA contribution (for 2023 $6,500 annually, or $7,500 if you're age 50 or older)
Roth IRA salary caps
URL: https://www.irs.gov/retirement-plans/amount-of-roth-ira-contributions-that-you-can-make-for-2023
Compound interest calculator
URL: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
NYC Public School teachers can contribute in the Roth option of the 457 (Deferred Compensation) $22,500 under 50 and $30, 000 over 50
Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk -
Repaying Student Loans and Saving for Retirement
Student loan repayments are starting back next month for most borrowers. In this episode we discuss how to pay your student loans and contribute to your retirement. Remember to contact your lenders to adjust the repayment amount if necessary. and investigate various repayment options.
Learn more about identifying your future self in Episode 118
Why should you name your future/retired self?
Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk -
Artificial Intelligence and Personal Finance
31% of investors would be comfortable putting AI' s financial advice into practice without verifying it first, according to CFP Board survey.
These Women Tried to Warn Us About AI : Today the risks of artificial intelligence are clear — but the warning signs have been there all along BY LORENA O'NEIL
https://www.rollingstone.com/culture/culture-features/women-warnings-ai-danger-risk-before-chatgpt-1234804367/
Ms. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk -
How to get out of the Paycheck to Paycheck cycle?
Steps to end the Paycheck to Paycheck cycle
Increase your salary ( overtime, side hustle, new job/position) Track your spending and create a budget aligned with your financial goals Make spending adjustments where you can Pay yourself first (retirement accounts emergency savings) Get accountability partnersMs. Black, the host of Staying in the Black, is a single mom, homeowner, and public-school educator in NYC. She owns two properties and is one mortgage away from being totally debt-free. She loves traveling the world with her family and has over $500,000 in her retirement accounts beyond her pension.
Learn more about Ms. Black:
Website: http://www.stayingintheblk.com
Instagram:@stayingintheblk