Financial Planning / Retirement Questions

Hello Terry. I am employed and so far I am not in jeopardy of losing my job. I am prioritizing..

I’m age 65, hoping to retire at 67. My financial advisor recommended I convert some of the money I have..

Will the RMD for an IRA be waived for 2020; I would prefer to keep that amount in my account.

Terry, I’ve been retired from AT&T for 10 years and have been in good health with a part-time job at..

I’m selling my home What should I do with the money. I will get about $130,500 for the house. I’m..

Hello Terry, appreciate all the good advice you give on your website! Husband retires very soon. He can either receive..

I’m 66 yrs old and drawing unemployment benefits. I have cashed out my 401K ($10,000). Should I let IDES know..

If i deposit my stimulus check in my Roth IRA, will i be able to take a tax deduction for..

I’m 73 and I got a letter from the government saying I have to withdraw a certain amount of money..

Hi Terry, I’m at FRE and have considered retirement. Modest savings and other income makes it feasible. Am employed full..

I am one of those people who takes my annual RMD on the first business day of the year for..

Hi Terry, my question concerning this method of withdrawing from a traditional IRA account seems like a common possibility but..

Hello, I will turn 66 this October. I am considering drawing from my Social Security effective 1/1/21 to pay down..

Dear Terry, Hoping you can help as no one seems to be able to give me a straight answer. I..

If we withdrawl from a roth 401k for ex. 1,000 with a 10% federal tax and 0% state tax. How..

My wife is retiring and gets a Pension of about $70K year. Should this funding be put in an annuity..

IF I DO NOT TAKE THE 2020 RMD WILL I BE REQUIRED TO WITHDRAWL IT IN 2021 ALONG WITH 2021..

Hi, I enjoy your segments on WGN . My question is with the passage of the CARE Act, I have..

Hi Terry, I know that RMDs on Traditional IRAs for 2020 have been eliminated but I’m not sure if RMDs..

I’m retired and have a 401(k) with Fidelity through my former employer. My first ever RMD was last year, but..