Financial Planning / Retirement Questions

how much is the illinois probate Tax

should we establish a revocable trust if we have only 2 amd a half million dollars?

I love your news segment, as you always offer great advice and now I find myself needing some advice. My..

I am 72 and began SS at 65. Hubby began SS at 70. April 2025 he turned 73 and continues..

Hi Terry, My husband & I will acquire approximately $100,000 + soon through an inheritance. We are 70 and have..

Greetings Terry love your advice columns. My question is Roth IRA’S ARE THEY limited to certain income amounts? We just..

What is better to do? Take the distribution all at once or spread it out throughout the year. Thank you.

Hi Terry, On the library presentation last night, you briefly touched on the Illinois Estate Tax and referred to your..

Currently most of my investments are with a financial company as AUM. If one moves investments to fiduciary fee based..

Is it advisable to continue reinvesting stock dividends when you are up in age especially with the downturn of the..

Just heard you on WGN Radio. You said there was a link on your site on deciding on Roth Conversions...

Fidelity recommendations I put 50% of my 401k and other savings in an annuity, roughly $600k. I retired last July..

I have inherited $500K from sale of paternal properties. It is in a money market account earning 4% APY. I..

Hello Terry, I’m 70, single and own a stock (non IRA) and a SEP-IRA money market fund. I’m collecting SS,..

Hi Terry, If I go to a Fiduciary for advice about my assets/retirement, do they then manage my accounts or..

Dear Terry: I am a single, 72 year old female, planning on retiring in June. Have several pensions from SURS,..

My attorney says I don’t need to put my home in a trust but instead can attach a T.O.D.I. to..

Good morning, I have a question regarding my IRA, I owe about 70.000.00 mortgage Should I take the money out..

We recently moved our stocks into mutual funds after a loss do you think that they will also go down..

I have 40K in a profit sharing account and turned 65 last year and want to know where is the..