Financial Planning / Retirement Questions
Retirement Planning
My wife is 61, I’m soon to be 60. Our only child is a college Freshman. A few years ago..
Roth Conversions and the 5 Year Holding Rule
I am 66 now and have $500,000.00 in a IRA. I have been converting $50,000.00 each year to a Roth..
RMD
Are you required to take the RMD if you are still employed full time?
Social Security Benefits and born in 1960
I was born in July 1960. I heard you speaking with a caller on WGN Radio, John Williams show many..
Tax-deferred annuity conversion.
Terry, thanks for your response on my previous question RMDs and a tax-deferred annuity. In the response, you mentioned to..
Tax-deferred annuity
I’m 72 this year, 2024. I will need to take the Required Minimum Distribution (RMD) from an IRA soon. Is..
Should I fire my financial advisor ?
I’ve had my financial guy since Jan 2013….11 years. He handles my IRA/Roth IRA/investment accounts. At end of 2023 the..
LLC vs doing business as
I’ve been a self-employed artist for over 30 years now. And I’m beginning to see certain aspects in which I..
basis in traditional ira and no-basis inherited ira
I am inheriting an ira with no basis where the decedent already started taking rmd’s. I am a sibling within..
Executor Or Co-Executor for each will in a 2nd Marriage?
Hi Terry In 2020 as part of my healthcare program, my insurance company offered a Healthy At Home Webcast Network..
Mature Series E bonds
My mother died and left paper series E savings bonds registered under her name and my adult daughter. All bonds..
Change of name for POD and TODI
All my accounts have PODs listed and my house has a TODI registered with the state of IL. My daughter..
Will versus estate plan
Hello Terry, I am a 63-year-old single male. I do not have children and have one sibling and 2 nieces)...
Roth-IRA conversions
Can an individual who is over 73 years old and taking RMDs, continue to transfer money from an IRA to..
Long Term Care & Retirement Community
My wife and I are considering a move to a retirement community, I am 76 and my wife is 74...
mortgage
I messed up. My realtor friends said my house would sell in a minute. I bought another house- I rented..
WEP & GPO
I am a retired FiireFighter from Chicago. My question is about the pension offset. I know about the wep and..
Top 10 money things to do right now column Where’s Organizer?
Your column in today’s paper mentions the Personal Financial Organizer but I cannot find it on your home page. What..
Starting a family trust
Do I need an attorney or financial advisor to setup a Family trust to start generational wealth
403b
I put 22% of every paycheck into my 403B. For 2023 the total amount was $21107. It doesn’t leave me..
