Financial Help
Am 65 yrs old and still working. I have $ 850,000 in my TSP (100% in the S&P 500), $ 38000 in an IRA, $ 130,000 in mutual funds and around $ 75000 in stocks. My wife has retired at 62 and is drawing SS and retirement income (total $ 1280 a month) and has $ 100,000 in an IRA .
Do i need to consult a financial planner ? or what is your best advice . Love your newspaper articles which appear weekly
Terry Says
Thank you. You should have consulted a planner BEGORE your wife took SS at age 62. That is a horrible mistake. If she just started, contact SS and see if you can pay it back and reverse that decision! It will not only reduce her benefit by 8 pct a year, but reduce her base for future inflation adjustments.
So yes you need at least one meeting with a FIDUCIARY financial planner. Find one using the link to Wealthramp at the top right corner (small blue box) on my website.
