/ Financial Planning / Retirement

Financial Planning / Retirement Questions

Inherited IRA -answer updated

Hi Terry, My mother past away at age 90 on Halloween of 2021. I inherited 1/3 of her traditional IRA...

How to invest extra money

Hi, Terry. I watch you all the time on WGN news and really value your knowledge. I have anywhere from..

Social security (updated for correction on computation of benefits)

Hi Terry my question is I started drawing Social Security in 2005 I waited six months after my birthday. I..

R M D

I am 70 years old. I have some money I’m my 401k, SEP and traditional IRA . I thought now..

Social Security benefits

Want to know if I am getting all the SS benefit I should. I know it is based on my..

Pension

I have a pension that I’m not sure what is the best route to take. I am no longer with..

RMD’s and Charitable Donations

I am confused about using all or a portion of our family’s anticipated RMD for a charitable donation. Our first..

Small business owner

My husband owns his own plumbing business. He has no employees. I (wife) answer the phone, schedule, banking and billing...

401K

Hi Terry, I just got cancer and am on social security, I have a 401K with my work and am..

qualified charitable deduction from RMD

I have a traditional IRA that I can use to open a Roth IRA, does it make sense to keep..

resources for retired 74 yr. old

referral for purchase of treasury bills & financial advisors that you stated on WGN TV this am.

Term life insurance

I have a $68,000 policy I’m 82 years old I have until 95 to collect if I die I have..

Withdrawal from pension

I’m retired (60) my pension(s) areny earning really anything. One small pension total is around $32,500. It would only give..

required minimum distribution

in a recent article about rmd you stated it was possible that someone could pay two rmds in one year..

Social security — can you get COLA and a bonus for waiting?

My brother in law keeps telling my husband, who will be 70 next June, that he should start collecting in..

IRA rmd

Dear: Terry Sorry to bother you. My Question. I am 72 and 3 months old, when can I start taking..

RMD’s

Terry, your article in the Chicago Tribune on Sunday 9/18 I believe should have mentioned that if you were born..

Inherited IRA

I have an inherited IRA I acquired this year. Since the relative passed early in the year, they did not..

RMD — two in one year??

Hello, thanks for all your great work for people like me. Here is my situation: in January 2022, I took..

RMD

WE HAVE A SINGLE PREMIUM DEFERRED ANNUITY. I AM THE ANNUITANT (67 YRS OLD) AND MY HUSBAND IS THE JOINT..

money

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