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Terry Savage: Top 10 money things to do right now
There’s an old Savage Truth: “A goal without a plan is just a dream.” So it’s not too late to get started on setting — and acting upon — your financial goals for the New Year.
Careers and Finance
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Overspent in December? Here’s how to battle the January blues
The new year is a great time to create or update a budget, which can give you back a sense of control.
Terry Savage: How to protect yourself from fraud
The elderly may tend to be less tech savvy, but they are far from the only victims of financial fraud.
Terry Savage: Student loan forgiveness deadline approaches
The fast-approaching deadline for the One Time IDR Account Adjustment is Dec 31, 2023, and you can manage the entire process online at StudentAid.gov.
Terry Savage: The gift of organization
The gift of financial peace of mind is priceless. And it all starts with organization. Instead of waking up in the middle of the night worried about money and bills, wouldn’t it be amazing to feel in control of your finances?
Terry Savage: Securing the future for a child with disabilities
Financial challenges persist and worries increase as a child with special needs moves past the high school years into adulthood. One expert financial planner built a system to guide families through these issues.
Terry Savage: Take stock of your portfolio in December
December is historically one of the market’s best performing months — especially in a December preceding an election year.
Terry Savage: Holiday season is for giving to those in need
It’s easy to overlook the plight of so many Americans just hoping to keep the heat on and a roof over their heads, not only in the holiday season but year-round.
Terry Savage: Making charitable gifts from IRAs
There are tax benefits and emotional benefits from giving to a good cause you want to support.
Terry Savage: Social Security horror stories
These terribly sad stories are about disabled people, retired schoolteachers and public servants, widows — and yes, even orphans being cut off from the benefits that they counted on for rent and food.
Terry Savage: The Fed, money and markets
Not even an informed group of experts can set the perfect rate to keep the economy moving on an even keel — not too hot and inflationary, not too slow and recessionary.
Terry Savage: The disadvantages of Medicare Advantage
Before making the switch, you should understand the costs and restrictions that could occur with Advantage plans, and the limitations of the enticing promises.
Terry Savage: What to know about retirement account RMDs
Failure to calculate the RMD accurately can result in a substantial penalty.
Terry Savage: College application time
his is the moment when families should start strategizing for college applications and financial aid. A quiet family discussion and a meeting with the high school guidance office can avoid tears and recriminations later.
Terry Savage: Navigating Medicare open enrollment
It’s that time of year again, when seniors face the challenges of open enrollment in Medicare, starting Oct. 15. These are the most consequential decisions seniors must make, not only because of the financial impact, but the impact on care they may receive when needed.
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Terry Savage: Don’t try to beat the market; be the market
Since the start of the year, the S&P 500 is up about 14%, as we near the end of September.
Terry Savage: Debt in retirement causes real trouble
Americans are now carrying more than $1 trillion in credit card debt — a new record. And the average interest rate they’re paying is just over 21%.
Terry Savage: Turning Points
In this week’s column, Terry Savage invites you to look beyond your personal finances, beyond the six-month rate of your Treasury bills, and beyond the tech stocks driving the market. Instead, it might be time to give some thought to the larger economic and demographic forces at work in our society.
Terry Savage: Surviving a Recession
Will you be able to survive a recession? The odds are rising that a recession will arrive sooner rather than later.
Terry Savage: Help for the aging
There are so many programs for seniors that you may never have heard about, but that could reduce living costs, add to safety, and keep seniors from the growing threat of loneliness and isolation.
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Terry Savage: High rates for how long?
When interest rates were quite low just a few years ago, savers were actually punished for having chicken money. Inflation was higher than safe money savings rates. But as of this writing, you can get 5.5% on a six-month Treasury bill.
Terry Savage: Options after losing health insurance
How would you feel if you suddenly lost your health insurance? Frightened? Vulnerable?
Terry Savage: Scoring your credit
If you borrow too much, and continue borrowing more each year, there is a steep price to be paid in the form of higher interest rates or credit denial.
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Terry Savage: Fed makes fast money transfer available to all
The Federal Reserve has created a new and instantaneous money transfer technology that will allow immediate receipt of payments, even over the weekend when the Fed’s current ACH transfer system is closed.
Terry Savage: New hope for those struggling with student loan debt
There is a new program that could offer dramatic cuts in current payments (some to zero), and lead to eventual forgiveness.
Terry Savage: Choosing the right retirement account
We used to assume that when your paycheck stops, your tax bracket drops. But that might not be the case in the future.
Terry Savage: Boring summer is no time to slack on financial planning
Is this the right time to take your eye off things financial and enjoy the longer summer days? Or is it the perfect time to reassess and revise everything from your investment allocation to your will?
Terry Savage: Fighting your financial adviser
Here’s some free investment advice that could save you a lot of heartache.
Terry Savage: Beware the Medicare observation trap
If you stay healthy, the lower Medicare Advantage premiums save you money. However, they also come with restrictions on access to in-network physicians and testing services.
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How to make the most out of a summer internship
As young adults begin their summer internships, what are some things they should do during these internships to increase their chances of being hired for a full-time position at the end of the experience?