Ask Terry Questions retirement money

retirement money

By Terry Savage on October 03, 2023 | Financial Planning / Retirement

My wife and I have about 400K in an IRA with a fiduciary here in AZ. We are unhappy because he never provides us with any feedback. We, like everyone else, took a big hit this past year. We lost over 50K.

Where should we be putting our money? We want to be conservative. We are 64, still working part-time and live on a pension.

Thank you

Terry Says

How do you know you are working with a FIDUCIARY? Did he/she put that exact word in writing? A Fiduciary ALWAYS stays in touch with clients, would never let you worry like this!

It’s time to move your money.
First, Read this article:

Second, let’s find you a TRUE fiduciary you can trust. Go through the Wealthramp process. Use the link to see what it’s all about. They have a registry of fee-only (no commissions!) fiduciary advisors, and will match you to one that works for you.
These advisors give you not only investment advice, but true financial planning for all issues, include tax and estate planning, retirement income strategies, etc. And because they sign the fiduciary pledge, you can trust them!! Read the linked article.

Now if you think you’re all set in those areas, you could really do the investment part yourself. YOu could do the rollover described above — to Vanguard or Fidelity — and put a large portion in a government securities money market fund, another portion in the S&P 500 Stock index fund, and perhaps another third into the Equity-Income fund. You’d save a fortune on fees!

Recent Financial Planning / Retirement Questions



a personal
finance question