Financial Planning / Retirement Questions

Inheritance – where should we invest the money

Hi Terry, My husband & I will acquire approximately $100,000 + soon through an inheritance. We are 70 and have..

Roth IRA –if eligible?

Greetings Terry love your advice columns. My question is Roth IRA’S ARE THEY limited to certain income amounts? We just..

Required distribution at age 73

What is better to do? Take the distribution all at once or spread it out throughout the year. Thank you.

Illinois Estate Tax

Hi Terry, On the library presentation last night, you briefly touched on the Illinois Estate Tax and referred to your..

Fiduciary

Currently most of my investments are with a financial company as AUM. If one moves investments to fiduciary fee based..

Dividend Reivestment

Is it advisable to continue reinvesting stock dividends when you are up in age especially with the downturn of the..

Roth Conversion

Just heard you on WGN Radio. You said there was a link on your site on deciding on Roth Conversions...

Annuity recommendation from Fidelity

Fidelity recommendations I put 50% of my 401k and other savings in an annuity, roughly $600k. I retired last July..

New Investment

I have inherited $500K from sale of paternal properties. It is in a money market account earning 4% APY. I..

Financial/tax consequence

Hello Terry, I’m 70, single and own a stock (non IRA) and a SEP-IRA money market fund. I’m collecting SS,..

Fiduciary

Hi Terry, If I go to a Fiduciary for advice about my assets/retirement, do they then manage my accounts or..

RE: WEP reimbursement delayed

Dear Terry: I am a single, 72 year old female, planning on retiring in June. Have several pensions from SURS,..

Will vs. Trusts

My attorney says I don’t need to put my home in a trust but instead can attach a T.O.D.I. to..

Paying off mortgage

Good morning, I have a question regarding my IRA, I owe about 70.000.00 mortgage Should I take the money out..

Stocks vs mutual funds

We recently moved our stocks into mutual funds after a loss do you think that they will also go down..

Profit Sharing rollover

I have 40K in a profit sharing account and turned 65 last year and want to know where is the..

Financial devastation due to cancer

My 54 y.o. friend received a devastating cancer diagnosis in Jan 2024. First round of chemo was not effective, but..

retirement planning for my son

my son is 28,graduated and for the past year,is a physical therapist.his current company does not match his retirement.i want..

Need to increase my withdrawals from my Thrift Savings Account

Good Morning Terry. I will need to withdraw an extra $2072 from my Thrift Savings. I will be73 next month...

Profit Sharing

Hi Terry, I have $36K in a profit sharing fund from an employer years ago. I turned 65 in September..

money

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