Terry,, I met you recently during your Allstate Book Tour stop in King of Prussia, PA. I am 26 years, I turn 27 in April. I just moved back in with my Mom after graduating from Graduate school in July with my Masters. I have zero debt with the exception of student loans and my […]
For someone wanting safety and better yield than current insured CD’s, are I-Bonds and Tips a better investment? It is IRA money from recent matured CD’s and our ages are 54 and 58. When I looked in to them, the small inflation adjustments of the past years didn’t seem to reflect the cost of living […]
Hello Terry, My traditional IRA CD is maturing soon. My bank is trying to convince me that I should renew for another 5 yrs. Because of my elder age, I don’t think this is wise & don’t want to lock in for this amt. of time , especially if rates do increase. They are telling […]
I am retired and my wife is retiring at the end of this month. should we combine our retirement funds with one administrator or keep them separate ? Also is there a penalty in doing so? SAVAGE SAYS:I think you need to get some personal advice because there seems to be a big gap in […]
Looking for some of your thoughts on fixed annuities through my bank to rollover traditional IRA CD that has matured. Cannot get more than .50 % interest rate on cd renewal but a fixed 5 yr. annuity will pay 2. 50 %, big difference. Can you mention any reasons as to why this would be […]
Dear Terry, When leaving or retiring from a firm, can a person’s Roth 401k account be converted directly to a Roth 401k without incurring taxes or penalties? Phil SAVAGE SAYS: I’m sort of going to punt on this and send you to the real experts. I would suggest your contact Fidelity or Vanguard about your […]
I have 170,000.00 in a pension fund from my job the hospitali work at was purchased and the money is just sitting there. I am 64. Years old but don,t plan on retirement for the next 4 or 5 years I would like to put it in somwthing that I can earn some interest. Don,t […]
I’m 63, opened a ROTH IRA in 2012, have put in only money directly from me, no rollover or conversion or mixing with any other money. I got a copy of form 5498 from Vanguard, original to IRS. The form records the amount of my contribution, and accumulated growth during 2012. Why does the IRS […]
Hi Terry, my employer is having us take our profit sharing 401K out of our current management firm and place it individually where ear choose. ( I know it’s unusual). I am 60 and hope to retire in 5 years. Would it be better to keep it as a 401K , which is a little […]
Terry: After nearly 4 years with TD Ameritrade, a Roth IRA account I have (about $27,000) has not increased in value. Each year has been a lose, whether markets up or down. They put in Cash, Northern Lights, Americh High Income trust and Oppenheimer Sr. Floating rate. Since frustrated by no growth I think I […]
Thank you for your marvelous column, I have learned so much from you. I have now reached the magical 70-1/2 point in my life and need your help with the RMDs. I know I can bundle all my various IRA accounts’ RMDs and take them from one account if I chose to do so. However, […]
I need to know where to find info about retiring now. My husband turns 65 next month, he is still working for his company in a part time basis called transition to retirement. He will need to retire at the end of the year because of the program. He then is qualified for full SS […]
