Ask Terry Archives

WHICH ARE THE BEST STOCKS IN INDIA TO BUY NOW AT WHAT PRICE AND HOW LONG TO HOLD? Terry Says:  I must confess that I know absolutely nothing about stocks in India.  However, I have found the perfect website for you!  It is www.MutualFundIndia.com.  It provides lists and rankings of all funds that focus on…

I have a small(100k) 401k and will be 70 1/2 in a few years.Is there a way to give this money to my kids or either donate it before ir becomes taxable? txs, BB Terry Says:  When you are 70-1/2 you will be required to start taking Required Minimum Withdrawals.  Right now, you can withdraw…

Retired 4 months ago collect S S ,have Medicare and va health benefits,am in good health,should I still enrow in a Medicare part d or c ,and saved 620 401 k ,is 2000 a month a safe withdraw Terry Says:   OK, I appreciate the brevity of your question (!) but I would need a lot…

I asked a question of investing in silver bars or etf mutual fund Also going to a company like schwab in place of American fund as there charges are so high. Terry Says:  If you want to buy silver bars, go to a coin dealer who is registered with the American Numismatic Association at their…

I'm grandma owner/participant of my grandson's 529 plan. Should I transfer it to his parents 529 plan for him. Trying to avoid negative impact on his future federal aid application. He's 14, starts h/s this Aug. Straight A student. All his subjects are accelerated. Thank you very much. Their account is w/ Brightstart mine is…

I have a question on this. I have decided to take half of my divorce settlement 26k after a year separation and use it toward purchasing a home and the rest for cash reserves. I haven't worked for the past year to get our girls settled to the divorce and was primarily a stay at…

Hi Terry, I'm having difficulty paying off my credit card debt and am currently only able to make minimum payments. The card I have had the longest, also has the biggest balance of over 30k. This kills me since I used to pay off my credit card in full every month until I lost my…

I recently was gifted $28,000. I am 74 years young with about $250,000 invested in CD's and a managed account. Besides social security I earn $30,000 a year working part time. With the market at an all time high, do I wait to invest this money in a managed account or ETF's and put those…

New to your site - What is Chicken Money? Terry Says:  Chicken money is money you simply cannot afford to lose!  So you don't take risks with it.  These days it's frustrating, since Chicken Money belongs in bank CDs, Treasury bills (www.TreasuryDirect.gov) and money market funds.  None pays very much!  But remember the mantra of…

This may be a study in frustration. I didn't find the site before I made a decision to annuitize 4 annuities amounting to some $400,000.00 because I am concerned about the stock market. I want to certain my grandchildren get the money I worked hard to accumulate The annuities will be paid 10 years certain…

Hi Terry, I wrote to you over a year ago in reference to my inability to get a credit card after some financial problems. At the time I was an American Express cardholder for over 30 years and had a Chase card, and a Capital One card. I lost them all but paid back the…

Hello, My son is 23 yrs old and is a wild land firefighter and has just been offered benefits. How much should he invest in his 457 ICMRC retirement plane. He doesn't know if they match or not . He will find out .. but depending on this how much should he invest?

What are both the positives and the negatives of putting a portion of a 401 K into an annuity after reaching the age of 70? Terry Says:   Please read the column I just posted on that subject.  Your question, and others like it, inspired me to write about it at greater length than I do…

A 80yr old needs very much to retire, but she has co sign for a vehicle for a family member and now that person has now no income,can the 80yr.old take vechicles back....Don t know what to do??? Terry Says:  No 80 year old "has|" to co-sign for any one, even a close family member! …

I just signed up for your newsletter. I don't see any link for the financial organizer form.

I recently transfered my some monies to an existing IRA that I've had for many years. I was wondering if it is wise to put this money into an ETF fund that is managed and automatically rebalanced according to your personal goals. I am not investment savvy and need help making investment decisions. I am…

I contacted "commercial real estate income funds" because I heard about it on WGN, the minimum investment is $25,000 with 8% in monthly pay outs. My IRA is not doing anything for me and is stagnant. Is this a reliable company?

where is the link for the Personal Financial Organizer? thank you, barbara

Like many I am paying (1.3%) a fund management fee, in this case for my IRA/Roth retirement money.Universal advise is to invest through Index Funds. Please help me learn how to move my money to index funds without tax liabilities. Sincerely Don Pritchett

-Does cost of buying an annuity and amount of return f lactate with interest? -can I buy delayed annuity be start payng 5 yrs or so after purchase? Website gives only 13 months delay. -are there any plan available which will provide inflation protection? thanks in advance.