| Subject | Date Asked |
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| Early Retirement | 11/6/2009 |
Q: My sister is 63 and looking ahead to plan for an early retirement. She is not sure who to talk to ...
A: She needs to speak with a retirement planner who can take a look at her situation, run some ...
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| cashing out whole life insurance | 10/20/2009 |
Q: My husband is changing jobs where he has a whole life insurance policy that he has paid into for 18 ...
A: Without knowing the exact specifications of the policy, it is somewhat difficult to analyze, but in ...
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| Thrift Savings Plan | 9/27/2009 |
Q: I will be retiring in 6 months at age 55. I currently have $101,000 in my TSP which is invested in ...
A: While the gvt Funds you are currently invested in are good, I think you can do better elsewhere ...
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| Annuities | 9/3/2009 |
Q: I am attempting to determine the financial strength of two Annuity Companies. Met-Life & Lincoln ...
A: Jackson National has good financial ratings (A+, AA, etc.), and they are owned by Prudential LLC, ...
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| Annuities | 8/20/2009 |
Q: I am attempting to determine the financial strength of two Annuity Companies. Met-Life & Lincoln ...
A: Gordon, First, I would be very careful when advisers immediately recommend annuities, especially ...
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| Reverse Mortgage | 7/30/2009 |
Q: My wife and I who are about seventy years old, took out a reverse mortgage about five years ago. We ...
A: I am not a big advocate of reverse mortgages unless you have no intentions of passing the property ...
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| 401k | 7/25/2009 |
Q: .. i'm eligible to cash out my 401k..from a previous employer..in which i got laid off in 2005.. i'm ...
A: There should be a phone number on your statement. Call them directly and request the paperwork you ...
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| Pension/IRA | 4/21/2009 |
Q: If I take a lump sum for my pension (not 401K), can I deposit pocket the pretax portion and put the ...
A: Sorry for the misunderstanding. Yes of course. Typically when you complete the paperwork, the plan ...
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| Pension/IRA | 4/20/2009 |
Q: If I take a lump sum for my pension (not 401K), can I deposit pocket the pretax portion and put the ...
A: Pretax and taxable are the same thing. Your "pre-tax" (not yet taxed) contributions along with ...
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| Universal Life | 3/27/2009 |
Q: I have a universal life insurance policy with cash value and do not need the life insurance ...
A: The premiums are tax free, but the interest earned on those premiums always comes out first. In ...
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| Universal Life | 3/26/2009 |
Q: I have a universal life insurance policy with cash value and do not need the life insurance ...
A: Unfortunately No. The 1035 exchange is not the same as a 1031 exchange (used for real estate ...
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| Retirement | 3/4/2009 |
Q: I recently retired and have a lot of money in fixed annuities with VALIC an AIG company. Should I ...
A: AIG Annuity and VALIC are two companies owned by AIG Group, and as subsidiaries, they are actually ...
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| annuity | 2/5/2009 |
Q: I just lost 40% of my Roth investment. I'm thinking of pulling the remainder out and putting it into ...
A: Due to SEC and FINRA regulations, I cannot give investment advice through allexperts. However, I ...
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| Cashing in a whole life policy | 1/19/2009 |
Q: I have a Whole Life Insurance Policy.($50.000) I have had several problems with the company and ...
A: The taxable dollars are based on the values and premiums paid in the old policy. The tax rate would ...
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| Cashing in a whole life policy | 1/19/2009 |
Q: I have a Whole Life Insurance Policy.($50.000) I have had several problems with the company and ...
A: There is only tax on the growth above your premiums paid. In other words, if you paid $4000 in ...
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| 401K | 1/9/2009 |
Q: If you have more than one 401K must you withdraw from each one or can you withdraw the total amount ...
A: UPDATED RESPONSE: I apologize that I actually answered this incorrectly. For 401k plans, you ARE ...
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| Types of whole life insurance | 1/6/2009 |
Q: I am looking to invest in a whole life insurance that I can borrow from within 2 months of opening. ...
A: Both are Universal Life (UL) policies, which give you premium flexibility in their design. A ...
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| Types of whole life insurance | 1/4/2009 |
Q: I am looking to invest in a whole life insurance that I can borrow from within 2 months of opening. ...
A: There are many types of products that could fit your criteria from many different insurance ...
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| TSP | 12/28/2008 |
Q: Did the president recently do away with the requirements to take money from my civilian Government ...
A: I know this is an idea in Congress, but I am not aware of any law passed that has put this in stone. ...
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| Life insurance | 12/24/2008 |
Q: I have a "Custom Comp Life" policy from NML with a current insurance value of $130k, a cash ...
A: With the cost of insurance dramatically reduced across the industry since you likely purchased this ...
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| life insurance | 12/22/2008 |
Q: Josh, I am a single person in mid-40's and have no family or friends currently. I am interested in ...
A: I would not worry about funeral costs if you have no family or friends. A basic funeral policy ...
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| Should I advance annuity commencement date? | 12/4/2008 |
Q: My Variable Annuity was purchased in 1999 for a one time payment of $77,000.00. It is an IRA. The ...
A: Let me answer your questions in reverse order. First, the death benefits of any IRA account are ...
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| Annuities and 10% penalty | 12/2/2008 |
Q: My wife and I jointly own a variable annuity. I'm 61. She's 44. I am the annuitant. If we make a ...
A: Sorry for my delayed response as I was out of town yesterday. There is no IRS penalty as long as ...
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| Cashing Out Variable Annuity | 11/19/2008 |
Q: I have a Variable Annuity. If I sell a Variable Annuity before I am 59 ½, I understand there is a ...
A: The 10% IRS penalty is only on the gains in the contract, and if you do not have any gains, then ...
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| Non-taxable annuity? | 9/10/2008 |
Q: Is there such a thing as a lifetime annuity based on a mutual fund of municipal bonds (i.e., no ...
A: Great question - something that has been suggested to the insurance companies, but the answer is No, ...
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| thrift saving | 5/23/2008 |
Q: If I retire at age 56 and i am eligble, how old do i have to be to get my thrift with no penalyt?
A: The minimum age to take your money without an IRS penality is 59 1/2. However, the IRS also allows ...
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| 401K | 5/21/2008 |
Q: I'm 58 1/2 years old and just been laid off from my job after 10 years. My question is how long may ...
A: There is typically no restriction on how long you can keep your 401k unless your employer or the ...
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| annuties | 2/23/2008 |
Q: I recently pulled 251.000 out of john hancock. I had been locked in for 7 years. I started with ...
A: Horney, Not exactly sure what your question is. John Hancock sells both life insurance and ...
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| Annuity Early Cash Out | 2/8/2008 |
Q: I have a Variable Annuity with Vanguard. If I sell a Variable Annuity before I am 59 ½, I ...
A: That is a good question. The 10% IRS penalty is only applied to the deferred interest earned in the ...
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