Financial Planning / Retirement Questions

Hello I am 57. I have roughly $300,00 in a company defined contribution plan. I own 2 rental houses. I..

My husband lost his job after 42 years the beginning of January for not meeting the company’s performance objectives. He..

Hi Terry, I wonder if the IRS will not require RMD’s again in 2021 like they did in 2020? Heard..

Should I have a will or a trust made? And what is the difference between the two?

Re subject: is donating available cash better, or a stock that has a large unrealized gain? Thanks

What are the tax penalties to take an early withdrawal from an Ira

Terry, I turn 67 this year and plan to retire at year-end. Modest amount in 401K, decent home equity and..

Hi Terry, we are 68 years old; last year we started taking GLWB (guaranteed lifetime withdrawal benefit) distribution on a..

I’m 70 years old with 68 year old wife. We want out of stocks. Is fixed annuity safe and suitable..

Hi Terry, My son is 44 , single and never married , should he do a will and other documents..

I was looking into a withdrawl on my 401K . I just became aware that the Covid relief that didn’t..

Hello, For the first time in my life I am totally debt free. I paid off school, my car, and..

I was born in 1960. My mother told me she has seen something about social security benefit problems with people..

Hello Terry, Our accountant explained to us, it was not worth submitting a deduction claim for clothing and household items..

Hello, I am set to receive an inheritance that is a mix of money and property. A portion of the..

Thank you for your response regarding the IL Probate. I didn’t mention that the account I am referring to doesn’t..

I will be 63 in June. I am currently on unemployment and have not taken s.s. benefits yet. My question..

I know that the probate amount in IL is $100,000. My question to you is: If you have a savings..

I took a RMD from my IRA last year and then returned to the same IRA after learning it wasn’t..

I’m 74 and still working part time – mainly to get out of the house. I estimated my 2020 income..