- Ask an Advisor: I’m Losing Money on Investments. How Can My Advisor Let This Happen?
I’m constantly losing money on stock and cryptocurrency investments. And I paid for the advice that has given me the information that I’ve used to do this. For example, I was told to buy a specific stock and lost money… read more…
- Ask an Advisor: I lost My Job. Can I Tap Retirement Accounts Without Penalties?
I lost my job last year and need to take care of a parent. In doing that, I must withdraw money from my retirement. I don’t understand the tax implications and penalties. I would also like access to any savings… read more…
- Ask an Advisor: Can My New Wife Draw on Her Ex’s Social Security?
Can my new wife draw on her ex-spouse’s Social Security in any circumstance after remarrying? Specifically, during the one-year waiting period for my wife to collect on my record, can she collect on an ex-spouse’s record? Or can my wife… read more…
- Ask an Advisor: I have $225K in the Stock Market. Should I Cash Out Some of It?
I currently have approximately $225,000 invested in the stock market. Most of that is in conservative stocks and bonds. Do you have an opinion about staying the course or liquidating all or a portion for a few months or years… read more…
- Ask An Advisor: I Live on Social Security and Food Stamps. Can I Protect My Investments in a Down Market?
I’m retired and living on Social Security and food stamps. I have all my money in two conservative retirement accounts. I cannot contribute any money to them. I plan on taking distributions in five years. What’s the best course of… read more…
- Ask An Advisor: Where Should I Stash Short-Term Savings?
I’m holding $300,000 in cash that I plan to put into a new home. With the market as it is, I’m putting off that purchase for six to nine months. I’m 66 years old, single and plan to retire within… read more…
- Ask An Advisor: When Should I Take My First RMD?
Can I avoid getting hit with double taxes on my first two required minimum distributions (RMDs)? I’ll turn 73 in January 2024. Do I have until April 1 2024 to take my first RMD? Or do I have until April 2025? I don’t want to take my first set of RMDs in April and take… read more…
- Ask An Advisor: What Should I Do With My Old Retirement Account?
I’m 60 years old and have a vested retirement account from a company for which I no longer work. Should I leave it there, or take it and invest it somewhere? I’m confused as to what to do with it. -Rose I’m so glad you submitted this question. It’s one that millions of savers are likely… read more…
- Ask an Advisor: I’m Way Behind on Retirement Savings. What Do I Do?
I turn 58 this year and am at a loss for what to do or how to plan for my retirement. I only have a small amount of money invested through previous employers, and I’m not sure how to save now that I am self-employed. I am really concerned about my retirement but don’t know… read more…
- Ask an Advisor: Should I Get an Annuity Now, or Wait for Better Rates?
I have just turned 60 years old and am interested in a QLAC. Is it worthwhile to wait to see if interest rates increase in the next year or so, or should I start shopping now? Also, if I don’t live long enough to use most of my investment, is a return on death benefit… read more…