Wealthramp
Hi Terry. My finances are with Merrill Lynch and have been for over 20 years. I have been a widow for almost 12 years. I am 79. My house is paid for. I drive a 10 year-old car. I have a nice lifestyle. I am just wondering if I should be talking to Wealthramp after listening to the conversation today on WGN. My CMA account is a no fee account, which is where I get my monthly fixed income. My one IRA account has fees. I could not tell if my other one has fees. And I have an annuity account, not held by Merrill Lynch, which provides me income every month and is lifetime guaranteed. They do charge a fee. I also have chicken money of $60,000 in a Blackrock fund. I never talk to my guys at Merrill Lynch. If I have questions, they respond. At the moment, I don’t need more income. A few months ago, I did speak to someone at Wells Fargo who would charge a fee and maybe get me $1,000 more a month income. I decided to take a pass. I also qualify for the senior freeze exemption on my real estate taxes which saved me an additional $2,600 last year. I live in Glenview. And I am debt free. Also, with my social security, dividends and IRA some months I can save at least $600 a month.
So my question is, do I leave well enough alone?
I love listening to you!
Thanking you in advance.
Terry Says
It can’t hurt to have a review of your entire situation. For example, you discussed your income and investments. But do you have an “estate plan” — a will or revocable living trust? Who would handle your affairs if you were incapacitated?
If you go through the Wealthramp process, you might find some useful advice, even on a one-time basis. You don’t know what you don’t know! And it’s free to find out if you want to proceed.
