Q: I am a Bellsouth retiree with about $260,000 with Morgan Stanley but not sure what it’s in. I will retire again next year from a school system with 10years. Should receive $600-$700 from there & Social Security will be $1900. I would like to move from Morgan Stanley but need help & advice. Owe $30k on house. My concern is retirement monthly income.
A: Retirement income is very important to set up properly given the delicate balance of “having enough” while not spending down too much of your principal. We’d be happy to set up a free one hour consultation with one of our fee-only advisors, either in person or over the phone, to further discuss your financial situation and various options outside of Morgan Stanley. If this is something you’re interested in, please let me know and we can get something scheduled.