Retirement Account
Terry, you offered advice in the past, and I am in need of guidance again. I am 75 and on Medicare. I have an actively managed account with Fidelity consisting of an annuity up for renewal in 9 months and an IRA invested 100% in stock. I am stuck with the annuity for now, and am feeling uneasy about the IRA. I think I would like to go to passively managed, something with less risk and less fees, but don’t know what to ask for. What would you do? I do have savings and CDs offering decent interest. Thank you for your response.
Terry Says
I think it’s time for a complete review of your investments — as well as your income withdrawal plan. And it should be done by someone who you can trust, who is not trying to sell you anything!
Please read this— and get matched with a fee-only FIDUCIARY planner. Even just one meeting should convince you that you need more than just investment advice!
