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  • Writer's pictureCharlsie Pecoraro

Visiting the Coast? Check out these 5 things to do! Wisdom from Richard. New on YouTube this Week!

outdoor water feature
Outdoor Sculpture at Bellingrath Gardens

Our coastline is teeming with visitors from practically every state in the Union. Typically, out-of-towners are searching for things to do when visiting our beaches. There are a couple of "don't miss" destinations that folks should go inland to explore. Here are 5 suggestions of places to visit with helpful links.

Belligrath Gardens & Home - Grab comfortable walking shoes and explore the 65-acre garden and personal home of Walter & Bessie Bellingrath. Is the home tour worth the extra admission fee? Absolutely! Plus it provides a great reprieve from the summer temperatures in Alabama. This is a great stop-over if you are on your way to one of our beaches, so leave your home a little early and spend a couple of hours at this local treasure. Click here for admission and hours of operation.

Osman's Restaurant

Osman's Restaurant - Are you looking for a fine-dining experience you will never forget? Make reservations at Osman's Restaurant on Halls Mill Road in Mobile. Last week I shared some of my favorite places to eat out in Atlanta. In this blog I want to make certain that everyone is aware of one of the best places to dine in the South. Call 251-479-0006 to book a required reservation! Restaurant is located just off the I-65/I-10 split so it is a convenient place to wind up your travels. Please don't let the location dissuade you, the food is fabulous! Insider tip: Book well in advance of your trip, weekend evenings fill up quickly.

USS Alabama Battleship Memorial Park - Anyone traveling along I-10 East has spied this military park featuring a war ship, numerous airplanes and a submarine! It has become the #1 tourist attraction in the state. Fortunately, there are a couple of Living History Crew Dates happening this summer! (One is THIS Saturday) Note, there is no extra admission fee charged to experience the live reenactment. Click here for park admission fees. Insider tip: This is a dog-friendly attraction that provides kennels for your pets while you tour.

Downtown Fairhope - If you have never taken the time to visit dog-friendly, downtown Fairhope, Alabama, you are in for a pleasant surprise. This charming, yet vibrant, shopping destination has unique boutiques, various dining establishments and an ambiance that keeps visitors coming back for more.

Tourists will understand why Baldwin County has become one of the fastest growing communities in the state. Plan to spend a few hours roaming the streets and enjoying a leisurely lunch.

Insider tip: Wear comfortable walking shoes!

Dauphin Island Sea Lab "resident"

Dauphin Island, Alabama used to be a hidden treasure along the gulf coast, however people have discovered the power of stress-free vacationing and are flocking to one of my favorite places. I grew up spending time there every summer with my cousins. The old fort, Indian mounds, bird sanctuary and sand dunes still offer their appeal to visitors. There are plenty of beach houses leased by the day, week or month, however like Osman's they tend to book up quickly.

Dauphin Island can serve as a detour on your way to Gulf Shores/Florida or as a cap to your vacation. If you are traveling with children they will enjoy visiting the Dauphin Island Sea Lab and riding the ferry across the Bay. They might sight dolphins swimming along side the vessel!

There are countless opportunities in Mobile & Baldwin counties that will enhance your next visit to the area. I'll continue to share more options in future blogs this summer! Let me know where you plan to explore!


Richard Lindsey's "Real World" Personal Strategy Note How SECURE 2.0 Act Changes Many Aspects of Retirement Planning

“The foundation of a good retirement is planning.” - Earl Nightingale

In times like these, saving for retirement is hard enough. That’s why you want to make sure you plan it right — or at least as right as you can. (The future is always full of a few unknowns.)

You see, late last year Congress made big changes to the rules for retirement savings accounts when it passed the SECURE 2.0 Act of 2022 (that stands for “Setting Every Community Up for Retirement Enhancement”).

This clever acronym makes a heap of changes to how long you have before you must make withdrawals, how much you can withdraw and contribute, and what savings vehicles you can use. These and other modifications take effect both now and in the months (and even years) to come.

Like I said, you want to make a plan for yourself in light of this. So, let’s break down some of the biggest changes that affect your savings for your golden years.


You generally start taking money out of your retirement accounts without penalty when you’re in your late 50s. When you reach a certain age later, though, the government mandates that you must take money out of your account. These are known as “required minimum distributions” (RMDs).

What’s changed: The new age for taking RMDs is 73, up from 72. (Ten years from now, the deadline age for starting to take RMDs will jump to 75.) The penalty for failing to take your RMD drops to 25% this year — even down to 10% if you correct an RMD mistake soon enough. However, you don’t have to take RMDs at all from your Roth 401(k) starting next year, if you don’t want to.

What to watch out for: If you don’t need the money, you can still delay taking your first RMD until April 1 of the year following your deadline (73rd) birthday… but this means you could wind up having to take two RMDs in one year and getting hit with a bigger tax bill. Delaying RMDs until the last minute also means potentially larger mandatory withdrawals — and more taxes down the road. We can help you crunch the numbers to make sure nothing gets lost in the process.

Catch-up savings

Obviously, making withdrawals will go nowhere pretty quickly if you haven’t been saving. And there have been some changes to how you save, too.

What’s changed: Once 2025 hits, if you’re 60 to 63 years old, you’ll be able to save a larger extra amount in your qualified retirement plan, such as a 401(k) or 403(b) — 10 grand or 50% more than your regular catch-up limit, whichever’s greater. For the Savings Incentive Match Plan for Employees of Small Employers (SIMPLE) plans, the amount is 50% more than normal or 5,000 dollars (again, whichever is greater).

Next year, SECURE 2.0 also changes how you can make catch-up contributions if you make more than 145K. All your catch-up contributions will have to go to a Roth account using after-tax dollars.

What to watch out for: If you have to go that Roth route, you might have to deal with tax rates that are higher for you now than they would be in retirement.


You might not know that you can buy a qualifying longevity annuity contract (QLAC) using other retirement plan funds, and then you don’t have to begin taking RMDs until your 80s. These annuities can also help lower the balance of your tax-deferred retirement accounts, meaning you can make your RMDs (and taxes) smaller. But IRS rules limit the amount that you could use to buy a QLAC.

What’s changed: The allowable QLAC amount has been bumped to a max of 200 grand — a considerable increase.

What to watch out for: You lose control of the money you put in a QLAC — and there’s a chance you may not live to tap it. The return might also be lower than you’d see on the investments of your mainstream retirement accounts.

More changes

These other details are worth mentioning:

  • Starting this year, you can get matching employer contributions to a regular 401(k) or a Roth 401(k) on a pre- or after-tax basis.

  • Starting next year, you can take an early “emergency” distribution of up to a grand from your retirement account without penalty. You can only take one a year; if you don’t pay it back, you can’t take another one for three years.

  • Starting in 2024, you can roll a 529 college savings plan to a Roth IRA. There are many conditions, one of them being you must have had the 529 for at least 15 years.

  • Also beginning in 2024, your employer can match the value of your student loan payments in the form of a contribution to your retirement plan.

Further down the road, you’ll be able to tap your retirement money to help pay for long-term care insurance in 2026. And in 2027, the feds will kick in a matching contribution for lower-income taxpayers who contribute to a retirement account (the “Saver’s Match”). Of course, we watch all of those updates, and we’ll keep you in the loop on what’s going on.

(And I shouldn’t end without saying: Many of the figures above will also get adjusted for inflation as the months go by.)

That’s a lot to think about, I know… and these aren’t even all the changes SECURE 2.0 hath wrought, believe it or not. Don’t feel like you have to know every detail to the “t” (that’s what I am here for), but I want to make you aware of the changes happening that will affect your planning.

Let me know if you want to chat about it,

Richard Lindsey

"You see the numbers, we look for the opportunities"

(251) 633-4070


New on YouTube

At the age of 12, my parents moved to South Louisiana. I recall my mom being so impressed with the produce and meat at Ciro's Market. Fast forward and that little one location has grown into over 60 Rouses Markets locations with thousands of employees. So for folks visiting our area, I really encourage you to "make some groceries" as they say in South Louisiana at Rouses. Go check out my latest video with some recommendations.

This Sunday I'll be releasing a fantastic Chicken Curry Soup so be sure to check it out at 2PM!


Looking for Expert Auto Repair for Your European Vehicle?

mercedes on rack
Getting a Liqui Moly oil change at Ronnie Lee's Automotive

Ronnie Lee's Automotive is celebrating 25 years of serving the automotive community. This auto repair facility is located in Daphne at 8392-A CR 64. Andrew Lee, owner, and his team of master mechanics strive to keep your Mercedes, BMW, Volvo, VW, Audi and Land Rover on the road and running smoothly. Have you EVER seen such a neat mechanic's bay? There is so much attention to detail paid by the staff. Book your next maintenance or repair appointment by calling 251-625-3355.

Insider tip: If you are visiting the coast and have car issues, give them a call!


Enjoy this beautiful weather! See you next week!

Keep walking and remember naps are a way to plug back into heaven! ~ Charlsie


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