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 […]
Terry– i am 68, married,no debt, Soc. Sec and military pension coming in. Kids educated and gone, have long term care insur. I recently accepted $378890 from Alcatel-Lucent as a pension buyout. I have an IRA=203K with TrowePrice. and another with my wife totaling 266K invested with our local CU CFP. My question? Where(what funds) […]
My department at work downsized so I was let go,I had invested in 401k matching thru employer what should I do with the money? I was told I can’t get any money from the pension plan that the company put money every month cause I didn’t fulfill 5 years of employment? Also what investment plan […]
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 […]
Is it better to take a lump sum RMD or take a monthly check? I will be 70 years old in October and will need to make a decision by April 1st. Terry Says: Well, that depends on how you like the money coming in. If you get it all in one lump sum can you […]
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 […]
Can I transfer the funds from one 529 to another? Specifically, I have some funds (unhappily) in the Montana Family Education Savings Investment Program. They put the funds into long term CD’s with the lowest interest rates in the universe. I want to transfer those funds to Illinois Bright Start or Utah Educational Savings 529, […]
Hi Terry – Does the IRS allow a direct roll-over of 401K funds to pay LTC insurance premiums? I currently itemize so I am aware of the tax benefit of declaring this out-of-pocket expense, however I would appreciate just being able o transfer the funds directly from my 401K to pay the premium instead and […]
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 […]
I have a TSP account with the government and although I am only 68 I need to start planning what to do when I reach 70 1/2,when I have to withdraw that account. Where should I invest that TSP account? Terry Says: For those who are not aware, the TSP refers to a government Thrift […]
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, […]
February 3, 2015 Hi Terry, My Wife and I were considering rolling over our kids (8 & 6), Bright Start College Savings to the Bright Directions Plan.. They each have about $38K in their accounts, we are still upset over the loss that we suffered 5 years ago with the Bright Start debacle, our concern […]
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 […]
I am 71 years old. I am taking RMD’s from an IRA CD which is about to mature. If I roll over the CD at the same bank and then find a better interest rate at another bank later, say in 6 months, can I rollover the money to the other bank without any penalty? […]
