Senior Living

Recent Answers

2013-06-10 Retirement Planning - 401k and spouse:

The rule among most advisors (including myself) in most cases is that one participate in the 401(k) to the point where the employer matches, as you have.  After that, assuming one is eligible, one should

2013-06-10 Retirement Planning - Deferred Fixed Income annuities:

Hi Lee,  Every quality financial product can have a use for the right person in the right situation. A deferred annuity means that you are going to wait to take income sometime in the future. Although

2013-05-26 Retirement Planning - after annuity surrender period:

Hi Lee,    Yes, once your surrender charge period is up you can move to another companies annuity with no surrender charge. You would then be subject to the new surrender charge period of the new annuity

2013-05-22 Retirement Planning - 401k Roll Over and WIthdrawal:

Thanks for your question. I appreciate allowing me to be of service.     We have some issues going on here that its important you understand. First thing is that you will be making a Pre-59 1/2 withdraw

2013-05-15 Retirement Planning - home sale:

Thanks for your question. If you sell your primary residence there is no federal taxes to be paid on the sale assuming you are single and your profit is under $250,000. However, on the sale of the investment