Terry’s Columns

On the Huffington Post!
  • Some Pension Checks Vulnerable Under New Law

    December 16, 2014

    Are you expecting a monthly pension check during retirement? If so, better check again. If you are covered by a multi-employer pension plan — typically administered by unions that cover workers in a single industry — some new rules passed by Congress as part of the omnibus spending bill may lead to cuts in your promised retirement benefits.

  • Millennials Don't Know Time Is Money

    December 10, 2014

    Millennials are taking on so much debt, and saving so little, that their net worth is actually declining as a group.

  • Take Your Minimum Required Distribution

    December 1, 2014

    Even if you don’t need the money because you are still working, or have other assets outside your retirement accounts, the government demands that you withdraw a certain amount of money every year, according to a complicated formula, starting in the year after you reach age 70.5.

  • Thanksgiving Feast -- Family Talk

    November 22, 2014

    lack Friday is so passé, with holiday sales starting early. Instead, we could rename it "Family Friday" — a time to catch up on those touchy intergenerational financial questions.

Terry’s Favorite Websites

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Terry’s Favorite Calculators

  • S&P Return Calculator

    Want to see the return of the S&P 500 — with and without dividends, and adjusted for inflation — between any two individual days? Click on this easy calculator to compare the performance of “the market” with your own investment returns!

  • How Much Should You Be Saving?

    Are you on track to save enough for retirement?  Or will your standard of living fall dramatically when you retire?  This calculator created by the Employee Benefit Research Institute is easy to use, and will show you how much more you should be saving, based on your age, estimates of longevity, and risk tolerance.

  • Calculate Minimum Required Distributions

    When you reach age 70-1/2 you must take minimum required withdrawals. Use this calculator at FINRA.org to get a rough idea how much you must withdraw based on year-end balances. (But talk with one of your IRA custodians to get the specific withdrawal amount, based on ALL your retirement account balances.)

Click here to view all of Terry’s Favorite Calculators

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