My wife and I, both in our late 60’s, have built a retirement nest egg, not huge, but comfortable. I am confident that, barring a health-care catastrophe, our funds will not run out before we do. My question relates to how we pass on what is left of our nest egg at our passing. The […]
I withdrew my money from my 403B account and my financial person turned it over to LPL to invest, but it continues to lose money. I don’t need it right now, but I’m concerned that it is slowly disappearing! Where should the money be? Terry Says: What? You “withdrew”?? First, you can’t “withdraw” unless you […]
We have a college savings account through Hartford for my son. It is a custodial account with my husband as the owner. Today my son turns 18 so we can no longer contribute to this account. We are going to open a 529 with my husband as the owner and my son as the beneficiary […]
I need to invest retirement funds safely. I have to live off the interest. Invested with one firm and lost a lot of it. They now have it in international I shares , and I am not comfortable with this. I think this company is motivated by commissions at my expense. I talked about no […]
I have about 50K in 5-6 stocks. I have been losing since the ’08 meltdown (prior to ’08 had 70-80K).. I know its time to put the money in a different investment but not sure what. Maybe an ETF, mutual fund or index fund? That’s where I need direction. I currently put money into deferred […]
I need a little advice. I lost my job in Mid-August and have a 401k that I need to rollover. I have rollover accounts at fidelity that I want to use. The problem is the 401k has lost a lot of money (150K) since I lost my job I would have to liquidate my 401k […]
My mother passed this spring and left me and my children a small Ira approx 3000. My question is are the rules or laws about how we take this money? my children are 21 and 24. We each get a third of this IRA. I am 59 not quite 59-1/2 . Are there any rules […]
Hi Terry, I am a 35 year old woman mother of two boys. I had a 401k with my first employer than another one with my most recent. I left the work force to stay at home and take care of my 6 year old kindergartener and rambunctious 2 year old. I have these two […]
my husband purchased a house using money from his investments to purchase a house in a real estate IRA??? We have owned the house and have collected some rent for 5 years. We are now nearing retirement – 62 and wondering what way to rollover the house – sell and not get penalized? or do […]
I have a 40 year old VALIC IRA fixed account paying 4.5%. ($4400 in it.) I also have 85,000 in an IRA with my broker just sitting in my account (against his wishes!) But as a 74 yr. old, should I move this money into VALIC. When I called VALIC, the woman told me they […]
I have been retired now for 3 yrs. I am 61 yrs.old and I have no bills. I still have my 401 at my last employer. I don”t need the money right now. My investment advisor is always asking me to transfer it too a IRA or Roth, I have about 15 different stocks in […]
What is your opinion of GNMA reinvestment income trust 120.Have approx 16K as of 9/2014 in it as part of trad IRA. Will be 70 yo this Nov. FAdv wants me to liquidate this and apply proceeds to purchase of symbol WRHIX. Also have 3 other equity UIT’s that combined w GNMA equal 40.2% of […]
Dear; Terry I am sorry to bother you with my question and your time: I lost my job on 2009 and i rolled my 401k to a regular IRA… Now my question is. Can I roll it over to a ROTH IRA? One year from now i will retire. Thanks again Terry Says: The simple […]
I have Edward Jones as a broker. I keep asking about Index fund, and he keeps steering me away from index funds. Should I purchase index funds and if so, should I buy from him or go direst to someone like Vanguard. Terry Says: If you go to a traditional brokerage firm like Edward Jones, […]
what would you suggest for investments any reputable for stable ?hybrid annuities? any help would be appreciated! i do mean any i am leaving my company april 30 ,2015 i am 62 yrs of age.thanks terry my risk tolerance is ok ? any info is fiine i dont want to leave my money with the […]
i am 62 i have as of now my lump sum i am taking to invest i see you dont like annuities too much for investments .my question is i have over 4 hundred thousand to invest,any suggestions for investing.? any ideas would be helpful . Terry Says: Well, you have a wonderful problem! And […]
How is a pension buyout calculated? Terry Says: The actuary for the company and the pension fund determines the “present value” of your future pension when making an offer to give you cash from your pension. Of course, you don’t want to take cash now and lose all future growth of benefits. So they should […]
Hi Terry, Can you recommend a reputable gold company I can rollover my $25 401 k; i started out w $48,000 w them now I’m Down this quarter to $25,0000. I’d also like to keep a portion of the gold and invest the rest ? Is that possible? Again can you refer a company […]
Hi Terry: OK, I’ll admit it; I’m a DIY (Do It Yourself) investor; yes, one of THOSE that draws the silent ire of many a financial professional. Thanks to you and your guidance, along with other sound information if been able to parse from other publicly available resources, I find myself moderately confident about my […]
I opened a Roth IRA at my bank about one and a half months ago. It’s only $3,000. My sister says I should go with her guy who will put real effort into making good investments for me. He’s with Edward Jones. What kind of penalty would I be looking at to get the Roth […]
