Financial Planning / Retirement Questions
living trust — role of the lawyer?
I am doing one with a lawyer, but ,other than the bare bones portions he inserted, I have provided 100%...
Investing
Dear Terry: I was a faithful reader when you were a columinist for the Chicago Sun-Times and tried to get...
Repaying personal loan, planning for child’s college, retirement?
Hi Terry: I listen to you every Wednesday on WGN and am always so impressed. My question is I took...
variable annuities in retirement?
What do you think of a variable annuity as an investment for people who are about to retire? What we...
457 withdrawal
Retired drawing pension. Part time employed with $4,000 per year. Can 457 plan be withdrawn. Retired from employer where all...
Age 70, working full time, can I contrbute to co. 401K plan and when must I take MRD, when I fullly retire??
I'm working full time at age 70 and intend to work until I'm 72 or 73. I'm going to continue...
Roth vs Traditional Ira
I am 30 years old, which IRA wouldbe better for me, a traditional IRA or the Roth. Thank you Terry...
401K and Roth IRA?
Hi Terry, I am over 50 and have already hit my max + catch up contribution of $23,000 for 2014....
How are we doing for savings and retirement with 2 children
Dear Terry My wife and I both work and have 2 children ages 9 and 6. We make about $165K...
Long Term Care, retiring at 61
Terry I'm a retired teacher 61 Still have a mortgage Wondering about long term care The pros and cons Do...
Retiring with Paid-off Mortgage?
My financial advisor tells me my retirement is "bullet proof" with three years income in cash, a $70,000 pension, and...
Planning for retirement withdrawals
I am 62 years old and up to now, I have $35K solely in the Fidelity Freedom Fund 2025 because...
Social security taxes on Roth conversion
Terry , I started taking Social Security before I had reached my full retirement age. Last year I converted some...
Long term care insurance; 5 yr. call back
1. If we have assets of $500,000., do we really need long care insurance? We are both 73 years old....
distributions from an old 401k plan at age 55
I have a 401k plan from a previous employer; I left employment in my 40s to become a stay-at-home mom,...
Finding An Adviser For A Low Maintenance Investor
Hi Terry: OK, I'll admit it; I'm a DIY (Do It Yourself) investor; yes, one of THOSE that draws the...
Sold my condo, worried about money/investing
I recently sold my condo and moved into an apartment. I was told by a financial planner that rent increases...
Best source for reverse mortgages
best source for reverse mortgages Terry Says: There are literally hundreds of reverse mortgage lenders. So let me take you to...
advice for someone already 65.
Hi Terry A lot of inquiries are how much should I save, 401K or Roth, etc. What if you are...
Retire at 55 – can you tap into 401k savings without penalty at age 55
Is it allowable to take 401k savings after age 55 without withdrawal penalties ? Terry Says: This is complicated, but...
