Financial Planning / Retirement Questions

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..

Good afternoon. I started taking social security at age 62. I was recently offered a job but the pay would..

What ratio do you recommend of savings compared to total investments and RMD’s. Currently, savings are 22% in a platinum..

WHAT IS BETTER? A BANK ACCOUNT A JOINT ACCOUNT A POD , TRUST OR A WILL WHEN I DIE?

Hi Terry, I will be taking an early retirement from my company that will be effective end of June. As..

What do you think of 7702 plans?

My friend made a withdrawal from her 401K plan to rehab a house for rental property purposes. My question is,..

Just a quick question. I turn 72 on November 23rd 2021. Am I required to take a RMD for the..

My wife and I are 54 years old. Youngest son is out of college so financially we are in a..

Terry, We’ve refinanced our mortgage last january to a 8 year, 4.625% that currently has $168K left. We have been..

I am 70 years and 9 months old. When can I start taking the MRD from my IRA account?