Jill on Money: Annuities, retirement, allocation

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After all of the hoopla surrounding the Facebook IPO, it was great to get back to financial basics with "Jill on Money" listeners.

We fielded a bunch of questions about annuities, starting with Jane, who is considering using a small portion of her $1 million portfolio to buy an annuity; Steve, who is stuck with three different annuities; and Shana, who is not sure whether or not she should put an inheritance into an existing annuity.

Dave is getting ready to retire, so it's time to calculate whether his $1.1 million in retirement savings is sufficient to meet his income needs. When conducting retirement planning, I recommend a withdrawal rate of 4 percent of your nest egg.

Many listeners know that they should diversify their 401 (k) plans, but are not sure how to do so. Mitch has 100 percent of his 401 (k) in company stock; Earl needs a strategy to put money back into stocks; and L. is wondering whether to roll over her ESOP and company stock intact or to liquidate the positions before rolling over.

Both Cathy and Linda had questions about how to help their aging mothers manage their assets. At the other end of the spectrum, Don wants to make sure that his $800,000 estate is divided equally among his 7 children.

Here are web sites and resources mentioned in this week's show:

-- Jill's Blog

-- NAPFA: National Association of Personal Financial Advisors (fee-only advisors)

-- Retirement Advice Can Be Hard to Hear (Negative Nelly)

-- Best CD Rates

-- E, EE and I Savings Bonds

-- Immediate Annuity Calculator

-- Retirement Calculator

--Financial documents: What to shred, what to keep

-- Estate Planning: the Documents You Need

Thanks to everyone who participated and to Mark, the BEST producer in the world. If you have a financial question, there are lots of ways to contact us:

Call 855-411-JILL and we'll schedule time to get you on the show LIVE

Send an email: askjill@moneywatch.com

Tweet me: @jillonmoney

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    View all articles by Jill Schlesinger on CBS MoneyWatch »
    Jill Schlesinger, CFP®, is the Emmy-nominated, Business Analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and Chief Investment Officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.