Home for the Holidays This year, many of our writers and contributors will have a new tradition of sorts for the holidays, no thanks to COVID19. In honor of our fabulous family of writers, I asked them to send a short sentence or two on how they will be spending Thanksgiving this year. Remember that Read more
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
How COVID-19 Changes Our Perspective by Stan Corey April 22, 2020 was the fiftieth anniversary of Earth Day, and it offered a very different scenario than any prior Earth Day since the original one was held in 1970. There have been a number of stories about how, in the very short period of time since 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
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
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
Creating a Local Service Team by Stan Corey An important issue for people in retirement is finding services to perform the tasks that they had taken care of themselves in the past. This becomes more critical when the spouse that handled these matters is the first to pass away. There are many online options today Read more
Why Take Capital Gains and Pay Income Taxes? by Stan Corey One of the most challenging investment decisions is when to sell a position such as a stock, bond, or a mutual fund. It does not really matter if you are selling all of the position or just a part of it. The issue is Read more
