Ask Terry Questions post retirement investing

post retirement investing

By Terry Savage on July 22, 2015 | Financial Planning / Retirement

At the advice of a credit union financial advisor, I pulled my 403B money and turned it over to LPL. The credit union has now changed to CUNA for investing. The account isn’t doing well, and it has a1% fee. My pension is fine for now and I don’t need the money, but I don’t want it to disappear. I have to take the RMD and would like at least maintain the balance if possible. Thank you…

Terry Says:  Well, I don’t know the specifics of how the money is invested — BUT there is nothing wrong with investigating alternatives.  Vanguard has a new money management service — free — and their funds are all low cost.  So you would likely be ahead annually by nearly 1% if you were to make the switch.  Those fees an add up.  It’s worth investigating.  Remember it’s YOUR money and YOUR retirement!  They will advise on diversification, and handle calculations of your MRD each year.

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