Financial Planning / Retirement Questions

Required Minimum Distributions

I am 69 years old. I have $200,000 in a traditional Ira. How do I avoid having to pay more..

Mitigating taxes in retirement

I have an annuity through my union. I’m a retired electrician. Knowing that one can only contribute to a Roth..

IRA Inheritance

Last year I inherited an IRA from my mother after her death and I deicide to maintain the account at..

73 IRA

I have a traditional IRA with Morgan Stanley Is there a way to avoid the required withdrawal when I reach..

Mortgage paydown?

We are 66 and 73 years old. We have a $360k mortgage. It is 6.9% interest Should we try to..

Wills and trusts

You mentioned sometime back about a different type of will other than a trust or conventional and stated it was..

Retirement

I don’t have a lot of money saved for retirement. Is buying a 2 or 3 flat building a good..

Fixed index annuity

My financial advisor wants to place 1/2 of my investments into a fixed index annuity. I told her you were..

New ROTH IRA investments

I just opened a Roth IRA with Fidelity. I’ve invested in some REITS like KIM, KIM and VNQ and ETF..

Capitol gains on farmland being sold vs 1035 Exchange

Does capitol gains need to be paid when gifting the profit to grandchildren? Any thing special to be done ?

Investments

I am 77 years old and have my investments with Edward Jones. 100% in Equities. My husband said he read..

Estate Planning: find executors and trust administrators

Terry: I have a special needs son and I am setting up a Special Needs trust. also, a trust for..

Rental Property

Hi Terry, I love listening to your guidance on WGN radio during the week. I am 46yo and owe about..

401K or Payoff Mortgage

Hi Terry, My daughter and I saw you this afternoon at the Cornerstone shop in Lake Geneva. Thank you for..

403B vs ROTH

If I can only afford to invest $18,000/year, should I put it all in my 403B or should I divide..

401K and tax refund

Hi Terry, I received $6,500 for my refund. I recently bought a condo in Chicago that needs renovations. Would you..

Heading toward retirement question re 401K

Hi Terry, I hope to retire in the next year or two. I am 66 1/2. I only have about..

Retirement

Terry, I plan on Retiring at the end of June or early July 2025. I am concerned about taking the..

Pour Over Will

Is it important to have a pour over will when you set up a revocable trust?

Retirement and IRAs

Hi Terry, I am retiring in early June and will be getting an IMRF pension, that will pay me a..

money

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