Financial Planning / Retirement Questions

What is your opinion on online services such as trustandwill.com or legalzoom.com for basic estate planning documents?

I am sure other families have the same dilemma. Our trust was set up before the newer rules for IRA’s..

Hello Terry. My Mom who is 94 and I have enjoyed listening to you over the years on WGN radio..

I may have about 35k from a very kind Aunt. My Mortgage is about 59k 5.90% car loan 22k 5.84%...

I’m 70 years old. No children. I have a net cash value insurance policy worth $17,000. Is there any downside..

I have about 1 million dollars in fidelity that they help me invest at .09%. I have inherited more money,..

I read your article on Richmond.com. Your answer appears to be putting your assets into a trust. Can you address..

Terry, How do I go about retitling our home, jointly owned by my wife and myself, into a revocable living..

Is it necessary to consult a lawyer to add Power of ATTORNEY to my existing trust? My bank has a..

My daughter passed at 38, leaving 3 children. I’m beneficiary of her life insurance &. 401k. This $ will only..

I recently took an early retirement from the Federal government which allows me to receive my pension immdiately. As I..

I have a 401k from a small business that I have now closed. I want to avoid RMD and make..

For 2025, my wife and I earned over $252k for the first time. We did not make any IRA contributions..

Hello and thank you for any assistance, Is there a formula to determine how much money a senior should transfer..

Hello Terry I plan on retiring next year in april 27 @65yr 8mo yrs old and have both a employer..

You mentioned tax breaks on inherited stocks if I hold them for at least a year. How much of a..

Hello Terry, I am primarily a full time W-2 employee with a tiny amount of 1099 income. Last October 2025..

Hi Terry I will be 63 in October my wife is 65 and collecting SSA. I have 200,000 in the..

I am a senior. Need to roll over IRA. Should funds be withdrawn to pay off car or credit car..

I came into an inheritance from my dad’s passing. Should I pay off my mortgage? Is there anyway that my..