Sullivan Financial Planning, LLC
Kristi Sullivan has been helping people achieve financial security since 1996.
After graduating with a B.S. in Business from Colorado State University, Kristi worked for Great-West Life in the employee benefits department for three years. This experience gave her a strong background in employer retirement plans, Flexible Benefit Accounts, and group medical plans.
Departing for Fidelity Investments in 1998 gave Kristi the chance to learn more about financial planning on a personal level. In her nine years at Fidelity, my duties included operations, compliance, financial planning, and teaching investment classes.
Sullivan Financial Planning, LLC was formed in 2007 with the goal of providing clients exactly the type of help they needed, without the pressure of corporate quotas or sales numbers directing the recommendations.
Kristi holds the Certified Financial Planner™ designation and the Series 65 and Colorado Life & Health Insurance Licenses. She is a member of the Financial Planning Association, The Alliance of Professional Women, The Women’s Estate Planning Council, and the Denver Alumnae of Chi Omega.
She is proud to have been a volunteer speaker for the non-profit Evelyn Brust Foundation. As a speaker for the Brust Foundation, she presented on achieving financial security at public libraries for the purpose of providing the general public an education without a sales pitch.
In Kristi's down time is spent with her husband and two sons. She is always up for a ski day, travel, seeing plays, and reading a good book.
BS, Business, Colorado State University
By law, you can move your IRA back into your 401(k). However, most plans that I have seen forbid rollovers into the plan if you have added your own money into the IRA. You will have to check with your company's HR department on this.
Someone trying to get you to move money from a 403(b) to an IRA annuity is very likely motivated by the commission he will earn, not what's best for you. An IRA annuity will almost always be much more expensive than your 403(b) and have restrictions on when you can access the money and sometimes annual limits. Look very carefully at the product being proposed and get really specific answers to your questions about fees. If you don't feel comfortable or that you understand the product fully, or if it sounds too good to be true, walk away.
You do not have to make a decision on what to do with your 403(b) right when you retire. There is plenty of time to do your research and not feel pressured or rushed.
You can work part time and received your widow's benefit, but your benefit will be reduced if you make more than $17,040 (2018 limit - it changes every year). Here are more details straight from the Social Security Administration: https://www.ssa.gov/pubs/EN-05-10069.pdf
Hi, It's doubful an adviser on this platform will be able to tell you at what price to buy or sell a stock without knowing what the stock is. My quick advice to you is this: if you are going to put money in individual stocks, you need to research and decide what a good price to buy (lower than you think it's worth) and what your sell price will be. The buy and sell prices should be in your head before you buy the stock.
There may be analyst reports you can read, or public records you can look at to determine what you think a reasonable share price is. If $17 is over the reasonable share price, sell. If it's under, maybe you wait for whatever event you think will take place to increase the stock's value.
If this all seems like a lot of work, it is. But, to be an effective stock trader, it takes time and willingness to reasearch the value of the companies in which you choose to invest.
I love the idea of doing whatever it takes to save more in the last couple of years of retirement! However, if you wait until age 70 to take Social Security, you get an 8% bump per year that you wait in the benefit. That larger benefit lasts a lifetime.
Could you make more in your Roth and 401(k)? Maybe, but 8% safely guaranteed is hard to beat. If I were you, I'd wait until you stop work and let the lifetime benefit from Social Security grow.
Hope that helps!