Financial Planning / Retirement Questions

Hi Terry, My mom still needs to complete 2 credit but reached age 65. Once she completes 2 credits when..

Hi Terry, I have followed you for many years and have found your advice invaluable. I was listening to one..

I am 67 and have not started collecting my SS. When I go my account to see what my amount..

Worked for a school district for 3 years. Left in 2005. I am 72 years old now. I wanted to..

My 88 year old mother-in-law has a traditional IRA just under $10000 dollars. Over the years it changed on who..

I have been getting Social Security Disability for 10 years. I recieve 1450 a month. If I retire, would I..

Hello Terry – We recently met with our financial advisor and he suggested, since we’ve hit 59 1/2 yrs old,..

What is the best type of trust to circumvent the Illinois Estate tax?

We own our house. Very little debt. I have a pension and have been managing my portfolio by myself. My..

Hi Terry, I turn 73 in February 2024. I read about deferring my first withdrawal into a Roth until 2025...

Hello Terry, Followed you for many, years and have made a great financial life for myself based on a lot..

What is the best way to avoid paying the egregious Illinois Estate Tax, other than leaving Illinois?

First of all I want to Thank You for your weekly spot on WGN and the knowledge you bring to..

I recently read an article that was recently published in our local newspaper. It pertained to treatment of Inherited IRA’s..

I work with a gentleman that is 89 years of age and he said he was told by his tax..

I’m soon to be 68 years old. I want to wait until 70 to get the larger social security check..

ASKING ON BEHALF OF A FRIEND. I. The questions at hand: If the surviving spouse is designated as the primary..

I recently retired (1 month ago) and find my husband and myself facing some really important decisions and not really..

Terry, I will be retiring this year. I am 62. I have determined I need about $9000 a month to..

If you have multiple IRAs or SEPs at different locations, how do you determine how much to take out? Can..