Financial Planning / Retirement Questions

refinance or what?

I am 65 and recently retired, bought my house in 1990 have refinanced twice and currently at 3.75 %. I..

Real Estate vs. 401K

My father is nearly 60 and is trying to determine whether it is a sound financial decision to pull from..

Financial Planning – cost

Hi Terry, Thank you so much for what you do. What is the cost range for good financial plan from..

reduction in social security check

I’m 72. For the first time EVER, my ss check was reduced by $45/mo even though there was a 1.6%..

non-spouse beneficiary re-naming inherited IRA

Hi Terry, I’ve been putting together informational guides for the kids to access when we’re both gone. I know that..

Studying financial planning but not as a career move

Terry, I’ve been listening to, watching and reading your work for years. I was a lawyer with Tribune Media for..

Retirement 401K investments

We are currently both 68 years old. Our 401K is in the Russell 2000 at 75% stocks. I am very..

stock market

Terry, My wife and i are getting close to retirement. (within 5 years) Do you think the stock market will..

Current best place to roll over 401k to get money to pay taxes

Already took RMD this year. Need to pay taxes and must take full distribution in order to get any money..

Elder Care finances — money running out

Hi Terry. My mom is 83 and owns her home. Her cash is running out and is all going towards..

Transferring balance of 401k to a Vanguard account

How do I go about opening a Vanguard account? Is this advisable to move the money until needed? I can..

Changing social security benefit per deceased spouse

My husband passed away four years ago. He was retired and receiving social security benefits. He would now be 68..

Annuities vs. other retirement options

I have a retirement fund that my work gave me. It can either be an annuity or cash payout. Which..

403b transfer

My wife works for university in Chicago. Has money in a Fidelity 403b account. She’s 55yrs retiring in 7yrs. Should..

Gift of money to daughter

If my wife and I give a gift of equity of, let’s say $150,000 to our daughter when selling our..

Retiree Tax and Estate Concerns

As an 80 year old retiree in Illinois I have two questions/concerns: (1) Presently the State of Illinois does not..

Retirement

I am a recently retired 68 years old I am wondering what I should do with my 401k money around..

Retirement account for adult children

I want to set up accounts, 401k or Roth IRA, not sure what kind, for my daughter and son with..

IRA required distribution for those over 701/2

Is it true that the IRS/Govt. ruled that the usual required IRA distribution for those over 701/2 will not be..

investing funds (CD) that matures on 7-30

Terry I tried to call on John Williams’ show and didn’t get through. I have an ALLY $230K cd that..

money

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