Financial Planning / Retirement Questions
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...
We’ve reached our number, now what?
Hi Terry, all these years listening to your words and I finally have a question! Beth and I have 2...
Money in CD need to reinvest afer retirement
We have a great amount of money in a CD, my husband will be retiring next Dec 2015. Where is...
Investment for retirement
Is it correct to invest all retirement money (IRA and 403B) in a Fixed Index Annuities at the age of...
Non-IRA annuity used to pay off home equity loan
Have home equity loan balance of approx. $67,000. Paying 2.99% interest on loan. Have 3 Roth IRA's totaling about $26,000...
IRA and 401k accounts related to RMD
Between retirement at 66 and the RMD at 70.5, should I be takeing money out and placing it in different...
Any Opinion on QLAC’s (Qualified Longivity Annuity Contracts)
The US government is concerned about retirees outliving their retirement funds. The IRS recently (7-01-14) issued a ruling on QLAC's...
