Financial Planning / Retirement Questions
Finding Financial advisor
Hi Terry, I just sold my business and retired. I want to find a financial advisor to formulate the long...
Payoff home or Invest for Retirement?
Hi Terry .I owe$220,000 on my house .I am 56 years old ,my wife is 59. we probably will not...
Annuities
Through circumstances beyond my control, I have limited funds at the age of 75. And find myself still working as...
Roth IRA
Hi Terry Here is my question.... I'm 59 years old and I have $6,500.00 to invest. Do I add it...
Need cash — where to take it from
Need $15,000.00 should I take out of my investments (about 150,000) or consider a reverse mortgage? Terry Says: Sorry, but...
paying off mortgage or saving in bank
my husband and I are in late 60's with approximately $80K owed on mortgage. He is planning on working until...
Buy bonds now? Contribute to 457 plan?
Terry, Is this a good time to invest in short term Bonds,if so how do I go about picking a...
Finding a Certified Financial Planner
My husband and I are in our mid-50's. We have saved and invested for years and want to have a...
IRA investment
What kind of funds at age 70 should an IRA be invested in? Terry Says: There's no set rule. That...
(MAP) Managed Allocation Portfolios/fees
We are retired for several years. We have been with this financial group for 20+ years. A few years ago...
Beneficiaries and contingent beneficiaries
Terry, what is your opinion regarding POD's or TOD's (pay or transfer upon death) accounts? I think these are called...
Gift tax return needed if gift is returned?
Hi Terry, if ownership of an insurance policy valued at about $60K is transferred from a mother to a daughter...
ROTH IRA –minor child as beneficiary
What are the rules when leaving a ROTH IRA to a minor child? Terry Says: Aha, you've touched on a...
social securitydeal
My wife is 68 collects 1300/month I am 64 I collect 1700/month from social security ,are we able use this...
FIA
Recently an advisor was indicating that we should invest in an FIA. I am a few years away from retirement...
Retirement Pension
I am 54 yo and retired. My husband passed away and his death benefits support me. When I turn 55...
Column on 401(k) Borrowing
Good Morning....Being a lifelong Chicago resident I have always enjoyed your sage advice on financial matters on TV, in print,...
457 Retirement Plan
My daughter, in her 20s, just got hired as a police officer and is offered a 457 deferred compensation plan...
social security — file and suspend?
I was born 6/1950. My husband was born 8/1947. He is presently working and not taking social security. Would it...
401K annuities?
Hello Terry, Read your book several years ago and followed your column back in Chicago when i was living there....
