Q: I am anticipating signing up for Social Security benefits late this year or early next year as I will soon be 62. I rolled my lump sum retirement over into an IRA. When I begin taking distribution from my IRA, will my Social Security benefit be affected, since I am not yet full retirement [...] [...more]
Q: I have a 457 tax-deferred government retirement plan. I have 25 percent in a 60/40 balanced fund, 25 percent in an extended market fund, 25 percent in an EAFE (foreign stock index) fund and 25 percent in a stock index fund. I’m down about 34 percent year-to-date. Do you recommend I change these allocations? [...] [...more]
Q: I enjoyed your recent column on Roth IRAs. I’m looking into converting my 401(k) to a Roth in 2010 (when rules on adjusted gross income for Roth contributions will be eliminated). I am 66. Does the 5-year waiting period for withdrawing funds apply? – F.G., Palm Coast, FL A: If you want to shift [...] [...more]
Q: I have a substantial IRA that I’m leaving to my younger brother as beneficiary in the event of my death. I’m hoping that it can be a rollover IRA for him so he could stretch out liquidation and taxation over his lifetime. My husband is deceased, I have no children, and my other brother [...] [...more]
Q: I have eight more years to work until my retirement age (66). I plan on working as long as possible. What I want to know is, will I be able to still work full-time while collecting Social Security, or will I only be able to work so many hours? Although I still have a [...] [...more]
