Ask Terry Archives

Rolling over an ira from my old job into my new job's deferred comp, I was asked if I wanted the funds liquefied then into a check to my new job. My question, wouldn't that have to be taxed and why would they suggest that.

HOW DO I BUILD MY CREDIT SCORE WITH NO CREDIT HISTORY.

I have a 401.k with my employer is it better to have this money in my IRA. I'm 57

I own a home in Illinois and would like to move to AZ for the winter. I can afford to purchase a house there, but would I be better off financially to rent. My purchase price would be 150 - 170 K And rentals would be about 1400. a month on a year round basis.Thanks

Ms. Savage, In regard to the fiduciary rule discussed in your June 12, 2017 article, I was wondering if clients of the brokerage firm that agreed to the rule are supposed to sign any forms? I do not mean in-house forms, but standardized forms that all brokers must use. Very truly yours, Stella Ginley sginley@paec803.org

ithey are old.what do ineed to know befoire cashing them???

Have you created a financial checklist that covers all the information I might need in case of death or emergency? Thanks!!

I'll be rolling over a 401k to an investment firm, a friend suggested LPL financial. Is this a good company, or do you suggest someone else, or is that something you do for a fee. Thank you for your help, John

Dear Terry, I recently started a new job that offers a retirement (403b). I am 19 years old going to college so I only work part time. My paychecks are usually less than $400 How much should I be putting into my retirement each paycheck? I get paid bi-weekly.

Good Morning Terry, I am looking for the best way(s) to save for my son's future. He is 5 years old and I currently have a savings account for him, as well as a Custodial Brokerage account. I want my son to have a very bright future and to live very comfortable financially, so I'm…

I am 23 and have lightly babbled with investing via Robinhood for over a year now. Would you suggest someone my age and not of strong financial backing to go bigger with my investments in the realm of over $150 per share. I want to have my money start doing more for me than gain…

What happened to your report that was to be on WGN at 4:00 today, 7/19/17? On student loan fraud. Is there a way to see it on line? Thank you Bill Jones

Hello Terry, My husband took out Parent Plus loans for our son's college tuition. Since doing that, he has lost his job and also been diagnosed with end stage renal disease. He is currently on dialysis and list for transplant. There is no way at this point we can afford the monthly repayments. Loans are…

Who do I contact concerning a denied health claim by my insurance? Is there a reputable lawyer or agency to contact?

My husband has a pension coming from a previous job that he quit 20 years ago to go to work at another job. He's currently 55 years old and is thinking of taking that money out as a lump sum, we understand that they'll be taxes and penalties for taking it early but we need…

why not discuss lost paper work in student loan collections? many loans are not collectable because of failure, of plaintiff to produce supporting evidence.

Just received a notice from my Discover card, asking me to call or go online to update my profile, specifically occupation information (ok, I can understand that) and CITIZENSHIP? Is this legal??

Hi Terry - I just moved back to the US and started a Bright Start account for our daughter. It seems there was a change in financial managers to Union Bank and Trust. I read your comments about previous managers, do you have an opinion about Union? Would you still recommend Bright Start over Bright…

What was the web site that you mentioned on WGN news that new investors should check out ?

What exactly qualifies someone for a senior homeowner exemption? Is it simply the age of 65 or does it have to do with income level? Can a senior homeowner exemption be combined with the Homeowner Exemption?