My visit to the bank was disappointingly unsuccessful. They're the opposite of helpful. The IRA specialist pooh-poohed my plans before they'd even been fully explained and had nothing to offer in their place. ("My" bank is on the third ownership and name since I moved my account there, thirty years ago. It's too much trouble to move my money elsewhere, but PNC is not much of a bank for small fry like me.)
A couple of financial things -- income of various sorts -- have me wrapped around the axle, trying to figure out what to do with the money (even, in one case, how to receive it) to reduce or delay being gouged by IRS. I'll pay 'em what I owe 'em when it comes due, but I am given to understand in the case of retirement income there are ways of arranging it so the money becomes taxable only after one is in a lower tax bracket.
Are any of my readers in the financial-planning business? Do any of you know of financial-planning firms who don't mind pipsqueak amounts of money in the hands of someone who is strongly opposed to any form of high-risk investment and who would prefer to pay a fee for good advice instead of handing over the principal and letting them skim any return? That principal is a pittance -- but it's a pittance that, if I don't squander it, could make the difference between eating tuna and eating cat food after I retire.
Retire I will. All of a sudden, I'm old, six years away from full company retirement, eight years from full Social Security (if any). It'd be nice not to arrive broke.
P.S.: I have some rule for comments.
1. Try to not be overly avuncular. Just the facts.
2. If there is anything -- anything -- you'd like to share in the way of traditional bank-connected ethnic slurs, and you know what I mean, please consider yourself banned for life in advance. Seriously.
BUILDING A 1:1 BALUN
4 months ago