Death of the Stretch IRA! by Stan Corey In December 2019, Donald Trump signed into law new legislation called “Setting Every Community Up for Retirement Enhancement” (HR 1994) or the “Secure Act.” There has been very little publicity about this, and only now are banks, brokerage firms, and some estate-planning law firms sending communications of Read more
5 Secrets of Financial Success People with strong financial literacy have, on average, more assets than those with weak financial literacy. Financial literacy is the ability to understand how money works and how to manage it. Here are some top five ways to stay on top of your financial game. Pay Yourself First. My grandfather Read more
Retirement Stage Three: “Slow-Go Years” by Stan Corey John Lennon once said, “Life happens while making other plans.” The “Slow-Go Years” are that later stage of life when things seem to slow down a bit. You find yourself spending more time closer to home and enjoying family and friends. Perhaps you become more involved in Read more
Required Minimum Distributions Basics by Stan Corey It is the time of the year for those who have reached age 70-and-a-half in 2019 to look at making their first Required Minimum Distribution (RMD) from their retirement accounts. Here are the basics that you need to know to make the decision on when to take your Read more
Retirement Stage Two: The Go-Go Stage by Stan Corey You’re now ready to explore the next stage: The Go-Go Years. This stage is “go-go” because it’s when you’re most likely your healthiest and most mobile, so you’ll be go-going forward! Or maybe one of your goals is to get into shape so that your Go-Go Read more
Transition: A Spending Plan by Stan Corey Previously, we dealt with the loss of a paycheck due to retirement and how to set up a spreadsheet to show all of your income resources. Now it is time to set up a second spreadsheet: your spending plan. A spending plan is a useful tool for you to Read more
5 Stages of Retirement: 1st Stage Transition By Stan Corey There are five basic stages in retirement; transition, go-go, slow-go, no-go, and exit. It does not matter if you retire at age 50 or age 80, everyone goes through these five stages, it is just the amount of time spent in each that is the Read more
Three Pitfalls to Avoid When Retiring by Michael J. Orr You have worked hard and have had a long career. But for the last several years, you have had one eye on your calendar and one eye on your 401K balance. Now the big day has arrived, and you have said your goodbyes around the Read more
Retirement, Reinventing, Redesigning? All of the Above! by Donna L. Scrafano As a young professional and a single mom, the answer I gave when asked about retirement was, “I’ll be dropping dead at a desk somewhere because I’ll never be able to retire.” A bleak answer, for sure. As the fates would have it, I took Read more
Social Security Benefit Rule Change Written by Editors Don’t be so quick to claim for spousal benefits if you are not yet at retirement age. Back in 2015, the Bipartisan Budget Act made changes to Social Security’s laws about claiming retirement and spousal benefits. Section 831 of the law (entitled “Closure of Unintended Loopholes”) made Read more
