Financial Planning / Retirement Questions
How to build up low retirement at 61
Hi, Terry! I am a single woman of 61 earning just $43000 per year working two jobs. My main retirement...
RMD
I didn't realize it was mandatory to take money out of my 401k plan at 71 1/2. Now, I find...
IRA with drawl to purchase my son first house who is currently unemployed
I am 62 years old and I would like to withdraw $100,000 to buy my son his first home. Is...
FEEX.COM safety of information
You recomend the use of FEEX.COM to check for actual cost of fees. Has this site been thoroughly vetted as...
Reducing Income and effect on social security benefit
Terry, I am working in the corporate world making a comfortable salary. I am 58 years old so I am...
Withdraw from IRA now — or save for daughter.
At 75 are taxes less or more on closing my IRA;s vs. my daughter inheriting and paying taxes? Tax payments...
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...
