New Retirement Income Benefits by Stan Corey There is new information about the timing of when someone should elect to begin receiving retirement benefits under the new Setting Every Community Up for Retirement Enhancement (SECURE) Act, which was signed into law on December 20, 2019. Two of the most critical changes that came about as Read more
New Career: Substitute Teaching by Bernadette Sukley If you’re not ready to retire and still want to keep your mind sharp, consider substitute teaching. Contrary to popular belief, subs or emergency guest teachers are not glorified babysitters. They are true contributors to the classroom. And they ensure that the curriculum is continued in a consistent Read more
How Personality Effects Your Retirement Spending! by Tracy E. Hill, Ph.D. According to a study recently published by The Journal of Psychology and Aging, this is a first look at how personality effects our retirement spending rather than focusing on the technical issues of retirement spending. Technical issues previously addressed in other studies have included Read more
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
