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Anthony C. Hood, Ph.D

EVP | Chief DEI Officer | Board Member

Anthony C. Hood, Ph.D. is an accomplished executive and academic with expertise in diversity, equity, and inclusion (DEI). He currently serves as the Executive Vice President and Chief Diversity, Equity and Inclusion Officer at First Horizon Bank, a position he has held since November 2020.4 In this role, he is responsible for developing and implementing programs that advance the company's DEI efforts.1

Dr. Hood's career spans both the corporate and academic worlds:

  1. Corporate Experience:

    • At First Horizon Bank, he leads the firm-wide strategy for embedding DEI into the organization's DNA.3
    • Previously, he worked at AT&T and BellSouth for about 10 years in various technical and sales roles.34
  2. Academic Experience:

    • Served as Director of Civic Innovation in the Office of the President at the University of Alabama at Birmingham (UAB).3
    • Held positions as Associate Professor and Assistant Professor of Management at UAB's Collat School of Business.4
  3. Education:

    • Earned his Ph.D. from the University of Alabama in just three years.3
    • Completed additional studies at Harvard Business School, Stanford, and Morehouse School of Medicine.3

Dr. Hood is also a member of the CNBC Workforce Executive Council since May 2023, which connects human resources professionals and offers resources for driving workforce change.24 His LinkedIn username is anthonychood.4

Highlights

May 30 · linkedin

“Backdoor Roths are used by people who exceed the income limits for Roth IRAs. If you earn $161,000 as a single taxpayer, or $240,000 as a married taxpayer, then you can’t contribute directly to a Roth IRA in the 2024 tax year.

In a backdoor Roth, you contribute after-tax money into an IRA and then promptly convert it into a Roth IRA. Since you are contributing after-tax money, you will owe no additional taxes as long as you have no pretax contributions in a traditional IRA. If you do, then a part of the conversion will be taxable.

An over-50 worker could contribute up to $76,500 to a Roth 401(k) and another $8,000 to a Roth IRA—a total of $84,500 per year. Unlike a traditional tax-deferred retirement plan, there are no required minimum distributions from Roth accounts when you hit a certain age. That means you will pay less in income taxes during retirement and less in Medicare premiums, which are based on how much income you have.

In the world of retirement, a mega backdoor Roth conversion amounts to a free lunch—and you want it to be as large as you can comfortably digest.”

#financialliteracy #wealth #retirement #RothIRA #taxstrategy #FIRE

Mar 5 · linkedin

"The survey debunks four myths about women’s workplace experiences and career advancement. A few of these myths cover old ground, but given the notable lack of progress, they warrant repeating."

Myth 1: Women are becoming less ambitious Reality: Women are more ambitious than before the pandemic—and flexibility is fueling that ambition   Myth 2: The biggest barrier to women’s advancement is the ‘glass ceiling’ Reality: The ‘broken rung’ is the greatest obstacle women face on the path to senior leadership

Myth 3: Microaggressions have a ‘micro’ impact Reality: Microaggressions have a large and lasting impact on women

Myth 4: It’s mostly women who want—and benefit from—flexible work Reality: Men and women see flexibility as a ‘top 3’ employee benefit and critical to their company’s success

#elevatingequity #caresaboutpeople #thriving #iwd2024 #genderequity

https://lnkd.in/dyhybnCf

Related Questions

What are some of the key initiatives Dr. Hood has implemented at First Horizon?
How has Dr. Hood's background in electrical engineering influenced his approach to DEI?
What specific strategies has Dr. Hood used to engage management in DEI efforts?
How does Dr. Hood measure the success of First Horizon's DEI programs?
What are some challenges Dr. Hood has faced in his role and how has he addressed them?
Anthony C. Hood, Ph.D
Anthony C. Hood, Ph.D, photo 1
Anthony C. Hood, Ph.D, photo 2
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Location

Birmingham, Alabama, United States