Financial Planning / Retirement Questions
401k — must move out of my old employer plan
Hi Terry, I retired two years ago I have a little under 40,000 in my work 401k I have lost..
How much to contribute to Traditional and Roth 401(k)
My daughter, age 36, just started a new job. Pay is $135k. She will contribute 12% to the retirement accounts...
Financial Planner — says they are a fiduciary, but fees are 2%!
Hi Terry, love your chats on WGN TV! We have a financial advisor that we have used for 10+ years...
Move funds from Edward Jones
Terry, I have an account with Edward Jones but because of their high fees I am thinking I should move..
I am receiving a lump sum after I retire this fall and am thinking of putting it to a s
I am receiving and taking a lump sum from my retirement fund and am thinking of putting $10,000 into a..
Roth Conversion
I a bear market a good time to convert IRA’s 401’s to Roth. Won’t the current low cost minimize the..
401K losses
Hello I am 61 years old , i had $31,000 in my 401K account but in the last year ,..
Inherited IRA -answer updated
Hi Terry, My mother past away at age 90 on Halloween of 2021. I inherited 1/3 of her traditional IRA...
How to invest extra money
Hi, Terry. I watch you all the time on WGN news and really value your knowledge. I have anywhere from..
Social security (updated for correction on computation of benefits)
Hi Terry my question is I started drawing Social Security in 2005 I waited six months after my birthday. I..
R M D
I am 70 years old. I have some money I’m my 401k, SEP and traditional IRA . I thought now..
Social Security benefits
Want to know if I am getting all the SS benefit I should. I know it is based on my..
Pension
I have a pension that I’m not sure what is the best route to take. I am no longer with..
RMD’s and Charitable Donations
I am confused about using all or a portion of our family’s anticipated RMD for a charitable donation. Our first..
Small business owner
My husband owns his own plumbing business. He has no employees. I (wife) answer the phone, schedule, banking and billing...
401K
Hi Terry, I just got cancer and am on social security, I have a 401K with my work and am..
qualified charitable deduction from RMD
I have a traditional IRA that I can use to open a Roth IRA, does it make sense to keep..
resources for retired 74 yr. old
referral for purchase of treasury bills & financial advisors that you stated on WGN TV this am.
Term life insurance
I have a $68,000 policy I’m 82 years old I have until 95 to collect if I die I have..
Withdrawal from pension
I’m retired (60) my pension(s) areny earning really anything. One small pension total is around $32,500. It would only give..
