Ask Terry Questions Retirement


By Terry Savage on June 29, 2020 | Financial Planning / Retirement

Hi Terry
I am 60 years old and have no retirement or savings I have been working in the automotive industry for 20 years . Wanted to know if there is anything I can invest in now . I withdrew my 401 k to make ends meet and if I was forced to stop working now I would receive $1400 a month

Terry Says

Not quite sure if you still have the 40l(k) or how you would receive $1400 per month. Do you have a pension as well as the old 40l(k)? Is there money left in the old 40l(k)?
Are you still working? I need more answers to give any advice. But if you are still working and you have a 40l(k) and if your company matches your contribution, that is definitely the way to start. Please feel free to post again with more details.

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