I would like to roll one of my retirement funds into precious metals. Can you recommend a trusted broker and fund with low fees? I think I would like a metals fund or certificate rather than actual storage of the metals, but I’m new to this and am seeking advice. I’m 61 and retired, receiving […]
My question: I’m 71. I attempted to roll over the balance in my employer 401K account and was told I was too old (over 70 1/2) to roll my 401K over. Is this correct? If so, will I have to pay the taxes on the full amount in my 401K? Do you have a suggestion […]
Hi, My bank had rollover over my old 401k into a Qualified Variable Annuity over 10 years ago. Is there any way I can rollout money from this annuity into a Retail Mutual Fund IRA I have with Vanguard. I’m 56 years old and was trying to avoid the annuity high fee’s . tks Terry […]
I need to do a 401-K rollover because I am no longer with my employer of 18 years. Is Sharebuilder a good vehicle to self manage a 401-K account? I have over !00K and I am very nervous about management fees. How do I know what is reasonable for fees? Terry Says: Why don’t you […]
I heard that you may only rollover 1 401K account per calendar year, or pay taxes on any additional. I have 2 accounts tat I’m looking to rollover. Is that true? Terry Says: No, this is an error. You can do only one non-direct rollover each year – That is the type of rollover where […]
I rolled my 401 K over to my local State Employees Credit Union when the stock market starting its down turn. My money is in their money market which is currently an Interest of 1.5%. I really do need a better return but it do not know to invest in at this time. I will […]
I recently lost my job I want to re invest my 401k what is safest way to do this and can I do it without claiming it in my taxes and pay a penalty Terry Says: Oh, I’m so glad you asked before you did anything that would incur penalties and taxes. You want to […]
I rolled over a matured traditional IRA CD this past Oct., 2013 to a liquid cash IRA acct. I plan to merge another small IRA next month to then have all IRA’s combined into one. I will then plan to find a CD that pays a little more interest. The IRA in the liquid acct. […]
With interest rates so low on CD’s, I am considering a rollover of an existing IRA from a maturing CD to a church. This is a new situation for the church. What is needed to authorize a church to become a custodian of individual IRA’s? SAVAGE SAYS:? WHOA!!!? And I put that in bold and […]
I am 60 years old and retired. Effective April 1, I will be receiving a monthly check from my 401K plan to supplement the small monthly pension check I am receiving from my former employer. I have made arrangements with the 401K plan administrator to receive this check for the next 20 months to help […]
Hello Terry, I work for a company that will be closing its door in California and have been given a date for my last day there. I have been with this company for 11 years and my question is this, If I collect my pension in full now, would this be beneficial to me? Will […]
My recent column about stress-testing your retirement funds brought an interesting response from many of my readers. I learned something: While you are delighted to have large balances in your retirement accounts, many have no idea how to reduce their risk exposure as they reach retirement age. So, that’s the focus of today’s column. But […]
U.S. Treasury Bill interest rates are still mostly higher than the comparable bank CDs. As of June 9, 2026, the yield on a 26 week (6-month) Treasury bill is 3.81%. That’s what you received if you participated in the weekly T-bill auction described below. It’s easy (see links below) and SAFE! And you can start […]
U.S. Treasury Bill interest rates are still mostly higher than the comparable bank CDs. As of March 16, 2026, the yield on a 26 week (6-month) Treasury bill is 3.68%. That’s what you received if you participated in the weekly T-bill auction described below. It’s easy (see links below) and SAFE! And you can start with […]
Time flies – and never so quickly as we approach the annual deadline for taking a Required Minimum Distribution from traditional IRAs and 40l(k) and 403(b) plans. With more boomers reaching age 73 each year, it’s worth reviewing the rules. And even more importantly, it’s worth sitting down right now to calculate and take your […]
The promises are enticing – stock market upside with no risk on the downside. Or market “participation” with downside “protection.” File this under “too good to be true.” But as with all sales pitches, the devil is in the details. Index-Linked annuity sales reached $65.6 billion in 2024, marking a 38% increase from the previous […]
Update on Thursday, April 10 The shock of the original tariff announcement was equaled and exceeded by the stunning and unexpected reversal midday yesterday. From my viewpoint, this whole process has exposed a level of irresponsibility that is shocking. Only when the ability to borrow — refinance our debt at reasonable rates– was called into […]
The upcoming holiday gifting season is a perfect time to review the incredible 529 College Savings Plan opportunity to build a tax-free fund for college, which can be used by any member of your family. And with recent improvements, even if your child gets a scholarship or decides not to attend college, the money can […]
Required minimum distributions (RMDs) loom for millions of seniors who have reached age 73. These distributions from retirement plans such as an IRA, 40l(k), or 403(b) must be completed by year end. Avoid the holiday rush, and contact your retirement plan custodian now. The rules are simple, but the penalties for failure to withdraw on […]
Whether your retiring and rolling over your 40l(k) or just starting to build your financial future, it pays to get trusted financial advice. The key word here is “trusted”! There’s plenty of financial advice around, but does it come from someone who is “on your side” – working to build your retirement – not theirs? […]
