The growth of the womanâs movement, and its impact on the consciousness of African-American women in particular, helped fuel a âblack womenâs literary renaissanceâ of the 1970s, beginning in earnest with the publication of âThe Bluest Eyeâ (1970), by Toni Morrison.
Even if you started saving every month since your childâs birth and earned an annualized average return of 7 percent, you have to put away $215 each month for college savingsâand thatâs for only one child attending a public college.
If your savings are greater than that, then you're in good shape. If not, then you may not be financially ready to retire. For example, let's say that Bob and Mary Jane estimate they'll spend $40,000 a year in retirement. Using the rule of 25, they'll need savings of $1 million.