Financial Planning / Retirement Questions
Estate Plan
I am over 65 years old and have still not written a will or made an estate plan. How do...
When to take social security
Hi, Terry. I'm a 65 year-old retired Chicago school teacher receiving my pension and am on medicare. In a few...
Social Security vs. ‘income’
Does taking an IRA distribution count as income that might reduce my monthly social security payment? If so, when should...
401K rollover at age 71
My question: I'm 71. I attempted to roll over the balance in my employer 401K account and was told I...
Chicken Money
I just wanted to ask you professional opinion on my situation. I am a beneficiary to my parents and my...
What accounts to withdraw money from
Hi Terry, I wrote to you previously but I want to add information to my question (I haven't received a...
Access to SEP/IRA funds in a medical emergency.
I am considered disabled by social security and have been since 2012. Right now I am 62 years old and...
getting good advice for my roth ira
Im 49 yr old single female. i have about $85,000 in my roth. i have a company managing it and...
How to survive a 5-year divorce when $158,000 in savings paid for attorney’s fees.
I am a reasonably healthy 64 year old woman who has used all of her cash/investments to pay for a...
Long and short term insurance
Can long or short term insurance be bought after someone has already moved to an assisted living facilty, concerns are...
Soon to be 70, I’m still working and have no retirement
My wife and I really need someone that we can trust to discuss our financial plans. My wife and I...
Annual Gifting Limits
Hi, Terry. What are the annual limits on gifts for and between individuals? Thanks a bunch. Terry Says: Currently...
Inheritance/Small Windfall Best Use For This Money
Terry, I and my husband are 51 and 55 yrs. old respectively we are both working. Daughter, in college, earning...
When can I stop reinvesting MRD and start using some of my money?
I'm 73 and retired. Living relatively comfortably off SS & other small pensions. Currently taking MRD and reinvesting into my...
Social Security Benefits
i am a 63 year old female married to a wonderful, very young 80 year old man who is retired...
Medicare
Is it true that if I sign up for a Medicare Advantage plan and then want to switch the next...
Insurance Annuity for 81 year old
Can an IRA be converted to an insurance annuity. If so, is that a wise investment for someone who is...
Mandatory IRA Withdrawals
What can a person invest in when having to take mandatory withdrawals from an IRA, especially if they don't need...
401K WITHDRAWAL AT 55
LEFT JOB JUNE 2014, STARTED NEW JOB JUNE 2014 NOT ELEGIBLE FOR 401K UNTIL ON JOB 1 YEAR. TURNED 55...
investment /retirement
my mother is 75 years old and disabled. She has not worked since 1982 because of a terrible injury at...
