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I am 50 & still work PT & have a Pension fund thru my employer. My best friend has named me Beneficiary of her retirement acct. when she passes away (she has advanced staged liver cancer & no relatives). I'm curious if I take receipt of the money in a lump sum, since it's not more
QUESTION:
What advice do you have about preserving your nest egg in this situation?
My husband is 69 and I am 55. We have two ninth graders who are college bound. I am concerned about the risk of my husband having a major medical problem requiring long-term nursing care which would deplete more
I'm 53 and considering leaving the company I've worked at for 30+ years...
At retirement, I have the option of receiving $2500/mo till death, or $302,000 lump sum.
Since I'm too young to roll the lump sum into more
I am a 55-yr old female. I have about ten thousand in a 401k through my employer. I would like to transfer that into a Roth IRA as I have heard positive feedback concerning this. What are your thoughts?
Thanks.
Roth Or Not more
What are the pros and cons of reverse mortgages?
Needs to know.
ANSWER:
Before I give my opinion on this, I would like to start with a word of caution! This decision is one which should not be made without expert advice! Because much of the decision is a planning decision, you should more
I was married to a veteran who was 100% disabled due to the Viet Nam war. We were married 11 years then separated would I still be entitled to his social security when I retire?
A Former Spouse more
Do you think long term care insurance is worth the money for 2 healthy people in their mid-60's?
Thanks, Healthy Now. more
What is your opinion and experience with reverse mortgages? Do you think that is a good option for seniors? And why? more
INVEST MORE CONSERVATIVELY?
QUESTION:
Given the way the cost of living is increasing (cost of oil, gas, food, healthcare, etc.) does it really make sense to invest more conservatively as I approach retirement? Will I outlive my money?
ASK YOUR MONEY ANSWERS:
The time between your initial investment and when you plan to use it as an income stream should still play a role in deciding how aggressively you might choose to invest your money. Diversification is a strategy that is used often to lower your risk. This strategy is the process of spreading your investments among different categories such as equities, income funds, or even international funds. There are vehicles available to help broaden your income options. Annuities offer a variety of guaranteed income options to protect against outliving your assets as well as a protection of your principal balance. Utilizing some of these guarantees may enable you to keep your investments in the market to potentially get a better return on your money while taking advantage of a lifetime income stream that you cannot outlive. Catherine A. Bernard
Catherine is a Financial Representative of Principal National Life Insurance Company and Principal Life Insurance Company and a Registered Representative of Princor Financial Services Corporation. Securities offered through Princor Financial Services Corporation, 800/247-1737, member SIPC. Principal National (except in New York) and Principal Life are issuing insurance companies of the Principal Financial Group. Principal National, Principal Life and Princor® are members of the Principal Financial Group®, Des Moines, IA 50392. Catherine can be reached at bernard.cathy@principal.com or Toll Free (866)287-2638 ext.557.
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