Senior Living

Recent Answers

2012-02-01 Retirement Planning - 401k Contribution:

Donnie, thanks for your information. Depending on your marital status you and your spouse may be able to also contribute into a traditional IRA and take either full or partial deduction for your contribution

2012-01-28 Nursing Home/Long Term Care/Home Care - question on LTC:

Here's a few resources to help with your research:    http://www.pascenter.org/documents/Staffing_regulations_1_08.pdf  (pg 34)    http://www.assistedlivingfacilities.org/directory/tn/    http://www.tennessee

2012-01-25 Retirement Planning - 401k Plan, Forced Distribution:

Hi Lori,    Very sorry to hear of your situation.    The trustee can not override rules of the plan. Although you may not be able to rollover until October, you should be able to get your money as a distribution

2012-01-22 Retirement Planning - required 403b withdrawals:

Hi Jack,    403(b). If you are still working at age 70½ and have a 403(b), you may be able to delay distributions from that account until April 1 of the year after you retire.    Definition of retirement

2012-01-17 Retirement Planning - 401K Roll Over:

Hello Mary,    Yes these are turbulent times we live in and I understand your concerns.  First of all I would move to an IRA ASAP.  401k plans tend to be very expensive and you may soon see that fees are