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Financial Planning / Retirement Questions

RMD OBLIGATIONS

DO THE ANNUAL RETIREMENT WIHTDRAWAL SUMS RECIEVED AS PAYMENTS FROM AN ANNUITY ORIGINALLY PURCHSED WITH 401/IRA FUNDS COUNT AS RMD..

CD BENEFICIARY IN A TRUST

IN ANSWER TO A QUESTION I ASKED IN A PREVIOUS EMAIL…YOU ADVISED NOT TO NAME MY REVOCABLE TRUST AS THE..

Tax on Social Security

I’m single with no dependents. I turn 70 early October and I’ve yet to apply for Social Security. I will..

VA compensation received

Family member, age 76, received $300,000 retroactive compensation due to Agent Orange complications. Informed that it is not taxable. Member..

HELOC rate

Hello! My parents have a home equity loan with a flexible rate. They have had the loan for a few..

Age 67 and need to install new HVAC system in home at 10,000.00 and cook county taxes coming up at around 6000.00.

I need around 16000.00 for both. I have 32,000.00 in my savings account. Should I use my cash or draw..

Staying in the stock market at our age??

Hi Terry…Love hearing you on WGN, so informative, I have learned so much from you! You’re awesome!!! Per your advice….I..

Continuing Care Retirement Communities

Would value your opinion on continuing retirement communities. The one that I am looking at has an entrance fee

Finding a financial advisor

I’m in need of finding a financial advisor, for myself and my family. Any recommendations are very appreciated. Thank you..

Investment managers

Hi Terry I’ve been with Ameriprise for many years. I’m caring for my elderly parent’s out of town . I..

Investments

Presently I am using an account that does my taxes and also does my investments. Finally realized how much I..

Retirement Supplement Advice

Hi Terry, I am a 69 year old retired firefighter/paramedic with a downstate pension and a 457 deferred comp plan...

Financial Advisors?

My 33 year old son needs a financial advisor, he lives in Mundelein, IL. He has a Roth IRA, an..

Inherited IRA that was taking RMDs

Can you tell me what is rules for a non spouse Inherited IRa. My mom died in dec 2O21. I..

Surrender annuity or transfer to trust

At 76. Retired TSA from O’Hare who did your pat downs I need help with annuities. Do I surrender or..

Matching with a financial advisor

I am married. My husband and I share finances. We are looking for a financial advisor match. The questions asked..

Home Equity in retirement

Hi Terry, My husband is retiring in the next 2-3 years, and we would like to start a business to..

Senior gifting money /avoid taxes for both involved

My 84 yr. old mother recently sold her house and would like to give certain grandchildren a monetary gift. She..

Traditional IRA and Roth IRA Distribution

Hi Terry, I am 69 years old and have a Traditional IRA. My wife Peggy is 62 years old and..

spousal ira

My wife is working part time (10 hours a week) and does not contribute to a retirement program with her..

money

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