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Wisdom to Wealth with John Halterman
Updated: Jun. 30, 2020 at 6:33 PM EDT
Wisdom to Wealth: June 30, 2020
Updated: Jun. 23, 2020 at 6:26 PM EDT
Wisdom to Wealth segment June 23, 2020
Updated: Dec. 13, 2018 at 10:40 AM EST
|By Vanessa Bassi
Question: I love the thought of winning the huge prize money from the lottery. If I won, should I take the lump sum of payments?
Updated: Dec. 11, 2018 at 7:17 AM EST
|By Vanessa Bassi
Question: As the end of the year approaches, are there any financial tasks that I need to complete before 2019? I make $250K a year, what should I do with is?
Updated: Dec. 5, 2018 at 9:03 AM EST
|By Vanessa Bassi
QUESTION: “I get very stressed during the holidays because of money. I want my children to have all the things I didn’t have growing up. Unfortunately, this sometimes put me into a financial bind. What should I consider when spending for the holidays?"
Updated: Dec. 4, 2018 at 9:40 AM EST
|By Vanessa Bassi
Question: “You appear to be the most knowledgeable advisor in the area in regards to company benefits. I am a Frontier employee currently contributing 4% to my 401K on a pre-tax basis. I would like to up that to 8% in 2019, where should I put that money?
Updated: Nov. 15, 2018 at 8:11 AM EST
|By Vanessa Bassi
Question: "My son is getting married and I’d like to give him gift of $20,000. I have an IRA account, an Annuity and a Roth IRA. Where should I take the money from? And will I have to pay any penalties? "
Updated: Nov. 13, 2018 at 8:46 AM EST
|By Vanessa Bassi
Question: The market continues to scare me, I am thinking about getting out. Should I get out now?
Updated: Nov. 8, 2018 at 7:17 AM EST
|By Vanessa Bassi
QUESTION: “I work at the UHC and they are in the process of changing their retirement plan. Can you tell me what you know and what should I do about it?
Updated: Nov. 5, 2018 at 10:05 AM EST
|By Vanessa Bassi
QUESTION: I am a teacher and have a TSA account. Is that some type of retirement plan?
WDTV Local Radar
Updated: Nov. 1, 2018 at 3:05 AM EDT
|By Vanessa Bassi
Question: Today’s question comes from Terri from Weston. Terri writes “I heard you talk a lot about the Department of Labor Fiduciary standards that were going to be put in place. Whatever happened to those rules and do advisors have to follow them?”
Updated: Oct. 30, 2018 at 9:03 AM EDT
|By Vanessa Bassi
Question: Today’s question comes from Monica from Clarksburg. Monica writes “I just started a new job. My new employer offers the option to do pre-tax or Roth contributions to our 401k plan. Which one should I do?”
Updated: Oct. 25, 2018 at 8:01 AM EDT
|By Vanessa Bassi
Question: “We are currently struggling paying our home equity loan. We have some saving bonds that are past their due date, what are your thoughts on cashing them in and using that money to pay down the home equity debt?”
Updated: Oct. 23, 2018 at 8:18 AM EDT
|By Vanessa Bassi
Question: Today’s question comes from Sara from Glenville. “My father recently passed away and I received a small inheritance. I do not want to tie this money up because I may be spending it in a few years, but I also want to make more than I am in the bank. What should I do with this money?
Updated: Oct. 18, 2018 at 9:49 AM EDT
|By Vanessa Bassi
Question (Mary from Grafton, WV) I am currently 69 and have several IRA accounts. I heard at 70 I need to do something with them. Does this mean I will have to cash them in?
Updated: Oct. 16, 2018 at 10:35 AM EDT
|By Vanessa Bassi
This week’s volatility in the market has me very scared. Should I move all of my money to cash before it gets worse or should I just hold on for the long run?
Updated: Oct. 9, 2018 at 10:16 AM EDT
|By Vanessa Bassi
Question: I am 52 and lost my job 6 months ago. I rolled over my 401K plan to an IRA, thinking I would not need the money for several years. I did get a new job, but really need more money on a monthly basis. Can I get access to my IRA money, before I retire?
Updated: Oct. 4, 2018 at 8:28 AM EDT
|By Vanessa Bassi
QUESTION: Jerry from Clarksburg asks "My wife and I retired from places where we can keep our health insurances in retirement if we continue to pay for them, we currently both pay for a family plan. She tells me this is a waste of money. What is your suggestion?"
Updated: Oct. 2, 2018 at 9:56 AM EDT
|By Vanessa Bassi
Question: Today's question comes from Laverne from Weston. My child attends a private school, I recently heard from another parent, that if I contribute to a 529 college savings plan, that I would be able to get a tax deduction for the money, and use it to pay for school. This sounds wonderful, but is it true?
Updated: Sep. 27, 2018 at 10:02 AM EDT
|By Vanessa Bassi
Today's question comes from Mikey from Bridgeport. "I am currently earning great money working for an energy company and want to get our finances back on track. We have several credit cards, along with loans, and no short term savings. We have $5,000 a month that we could allocate somewhere. Where should we get started?
Updated: Sep. 25, 2018 at 8:14 AM EDT
|By Vanessa Bassi
My mother passed away a few months ago, we are in the process of handling her probate. Do her IRA accounts have to go through probate? Are there other types of assets that could be probate-able?
Updated: Sep. 20, 2018 at 10:03 AM EDT
|By Vanessa Bassi
Question: I just inherited a large IRA from my father...if I cash out the money, what taxes and penalties will I have to pay?
Updated: Sep. 18, 2018 at 4:45 PM EDT
Question: Two years ago I rolled over my government TSA into an IRA. I am still working and wanting to know if I can roll over the additional accumulation in my TSA?
Updated: Sep. 13, 2018 at 12:18 PM EDT
Question: I've had high gains in my portfolio. Would this be the appropriate time to increase my monthly income?
Updated: Sep. 12, 2018 at 1:15 PM EDT
Question: I want to establish a trust for my children's inheritance, do I need to pay trust frees now to accomplish this goal?
Updated: Aug. 13, 2018 at 8:34 AM EDT
|By Kyle Dawson
Question: I believe I am a successful professional making around a half million dollars a year and also have about $2 million in savings. Unfortunately I do not know if this is enough for me to retire. What should I do?
Updated: Aug. 9, 2018 at 7:22 AM EDT
|By Kyle Dawson
Question: My husband is going into a nursing home, I am afraid we are going to lose all of our assets. Is it too late to do any planning?
Updated: Aug. 9, 2018 at 7:17 AM EDT
|By Kyle Dawson
Question: I am a self-employed medical professional and I over contributed to SEP. Am I in trouble?
Updated: Jul. 31, 2018 at 7:19 AM EDT
Question: I have heard you say life cash value life insurance is not a good investment. Can you please clarify why?
Updated: Jul. 31, 2018 at 7:12 AM EDT
|By Kyle Dawson
Question: I heard that tax reform 2 is coming out. What is your opinion?
Updated: Jul. 19, 2018 at 3:46 AM EDT
|By Kyle Dawson
Question: I’ve worked for my company for 30 years and just got laid off. What should I do?
Updated: Jul. 19, 2018 at 3:42 AM EDT
|By Kyle Dawson
Question: I have an annuity and I want to roll it over to an investment for growth. Will I have to pay taxes on this change?
Updated: Jul. 19, 2018 at 3:35 AM EDT
|By Kyle Dawson
Question: I am getting ready to turn 65! Are there any specific things I should do to prepare financially?
Updated: Jul. 17, 2018 at 7:10 AM EDT
|By Kyle Dawson
Question: I have around a $10 million estate and currently have a will in place for when I die. I heard trusts were better, but I do not want to tie my money up. Is a will enough to protect my family from probate and taxes?
Updated: Jun. 26, 2018 at 2:42 AM EDT
|By Kyle Dawson
Question: I am currently trying to max out my Roth IRA every year. Recently my company started a new simple IRA retirement plan and is matching 3%. Which one of these plans is the best to save for retirement?
Updated: Jun. 21, 2018 at 3:46 AM EDT
|By Kyle Dawson
Question: I took a $100,000 loan out of my paid up life insurance plan. I am thinking about taking money out of my IRA account to pay this off. Would this be a smart decision?
Updated: Jun. 5, 2018 at 2:23 AM EDT
|By Kyle Dawson
Question: I recently transferred my IRA account twice within the same year to two different companies. Then I read an article that you can only do one roll over a year, does this mean I am in trouble?
Updated: May. 24, 2018 at 2:52 AM EDT
|By Kyle Dawson
Question: My family has around $5 million and we are currently unhappy with our financial advisor because we believe he just wants to sell us investments that benefit him and also is not concerned about our own comprehensive needs. If we want to become a client of yours how do we do so?
Updated: Apr. 30, 2018 at 4:15 PM EDT
|By Ted Fioraliso
Douglas Tate of Alpha Technologies Inc. in Hurricane came to Washington Monday to accept his awards.
Updated: Apr. 18, 2018 at 7:24 AM EDT
|By Kyle Dawson
Question: My two children are struggling to make payments on their student loans. Should I just take the money out of my retirement plan and pay them off?
Updated: Apr. 18, 2018 at 7:18 AM EDT
|By Kyle Dawson
Question: I always hear Ken Fisher stating that you should never own an annuity. Is this true?
Updated: Apr. 18, 2018 at 7:15 AM EDT
|By Kyle Dawson
Question: I recently read an article that market volatility is the new norm that we should get used to living with. What is your opinion on this?
Updated: Mar. 13, 2018 at 7:01 AM EDT
|By Kyle Dawson
Question: I am 60 and getting ready to retire. I've had a financial advisor most of my life and have saved around $2 million. I've been thinking about dumping my financial advisor so I can hire a wealth advisor. How could this benefit me?
Updated: Mar. 13, 2018 at 6:51 AM EDT
|By Kyle Dawson
Question: I worked for a company for 40 years, when I retired I rolled my 401(k) over to a few different annuities at the bank. Every so many years they tell me to switch to another annuity. Are they good investments or are they treating me?
Updated: Mar. 13, 2018 at 6:49 AM EDT
|By Kyle Dawson
Question: I recently lost my husband. We have our lifetime savings in an IRA. He rolled over from his 401(k) and has a lifetime income benefit that we use every month as income. Now that he has passed away, can you please explain my options and make any recommendations?
Updated: Feb. 15, 2018 at 7:48 AM EST
|By Kyle Dawson
Question: I have an investment with a guaranteed retirement income. I would like to take a one-time lump-some of $100,000 from it. Can this be done?
Updated: Feb. 15, 2018 at 7:44 AM EST
Question: I am retired from the Harrison County Board of Education and have tax sheltered annuity. Do I have to wait until I am 59 1/2 to do something with it?
Updated: Feb. 15, 2018 at 7:41 AM EST
|By Kyle Dawson
Question: My retirement plan has an in-service rollover option, what exactly does this mean?
Updated: Feb. 15, 2018 at 7:37 AM EST
|By Kyle Dawson
Question: I have an investment with a guaranteed retirement income. I would like to take a one-time lump-some of $100,000 from it. Can this be done?
Updated: Feb. 8, 2018 at 4:49 AM EST
|By Kyle Dawson
Question: I’m a doctor and our 401(k) plan offers a Roth option. I make $300,000. Am I over the income limit to make contributions?