roll over my 403k from employer to an ira and invest in bonds Answered on September 24, 2017

Hi Terry I met with a financial advisor today She’s from Wintrust. She recommends that i roll over…

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Credit monitoring needed after credit freeze? Answered on September 24, 2017

Should I consider using LifeLock? If so should I hit my credit freeze before or after signing up for…

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Retired need safe investment, no taxes Answered on September 24, 2017

I’m 58 and retired. I have money to invest but don’t want risk exposure to a roller coaster market.

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Tax Advantages of ETF’s over Mutual Funds. Answered on September 19, 2017

Once a person reaches 70 1/2 years of age and must start withdrawing from his/her IRA, the urgent…

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Credit Freeze vs Lifelock Answered on September 18, 2017

Hi Terry, Thanks for all of your guidance regarding the credit breach. If I already have LifeLock,…

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Can the Equifax breach have any effect on deposit accounts i.e. CDs,401s,IRAs brokerage. Answered on September 18, 2017

Can the Equifax breach reveal any information that could be used to effect deposit accounts such as…

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Equifax Answered on September 18, 2017

Good Morning Ms. Savage, I enjoy reading your articles in the Tampa Bay Times. Sunday you discussed…

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Reallocating funds Answered on September 16, 2017

Is it true as you get older (I am 70) that your allocations should be adjusted to reflect 70% in…

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Gifting cash to adult children Answered on September 16, 2017

How much cash can I give adult children with no tax paid by them?

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Credit Bureaus jammed — Can’t Freeze! Answered on September 16, 2017

I have tried several times to freeze my Equixfax credit report online and was unable to do so. The…

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credit monitoring — compare services Answered on September 16, 2017

Credit Karma offers free monitoring. Is their monitoring service as good as the companies that…

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credit monitoring Answered on September 16, 2017

If you put a freeze on your credit report and also have credit monitoring, will you be made aware if…

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Loans/mortgage/retirement Answered on September 15, 2017

Terry, I currently have 26,000 in loans that I am ahead on paying by 2,000$. I have a mortgage that…

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Stock Answered on September 14, 2017

Have 400 shares of. Merck. And 400 shares of Altro (MO ) . They have double in price since I bought…

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Reverse Mortgage your article of May 30 2017 Answered on September 13, 2017

I am in the same position at your father – not quite understanding how the loan, and principal limit…

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401 K – 25 Years Old Answered on September 13, 2017

I am currently things about the way my 401 K is distributed. I have not touched it since my company…

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Retirement vs. Luxury Car Answered on September 13, 2017

Hi Terry. I’m hoping you can help me make a decision. I’m currently making six figures at my current…

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Pensions buyout? Answered on September 13, 2017

I have a small pension from Sears and they have offered me a lump sum. I am 62 and planned to start…

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401k Answered on September 12, 2017

i have a 401k worth 84000.00, should i leave it alone or look for other options (ira)?

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Identity Theft Protection Answered on September 12, 2017

Terry, What is your opinion of the companies offering identity theft protection for a monthly fee?

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Investment advice Answered on September 11, 2017

Terry, I recently sold some real estate and need to know where to invest so I can supplement my…

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Pending Retirement with 401k in mind. Answered on September 11, 2017

I am 60, possibly retiring between 68 and 70. What is the best investment strategy now, for my 401k,…

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Life Insurance Answered on September 11, 2017

Soon to turn 65 and have term insurance enough for burial. Now getting mail saying universal life is…

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Credit card debt Answered on September 10, 2017

I just watched you on the news and you stated that paying the minimum will take 30 years to pay off.

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Personal financial organizer form download, NOT found!!!!! Answered on September 10, 2017

Unable to find your promised personal organizer form to download????

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Credit Freeze? Answered on September 10, 2017

Due to the Equifax data breach, my husband and I have received our credits reports and placed fraud…

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COLLEGE SAVINGS Answered on September 10, 2017

Hello Terry, Thank your helpful advice on College 529 Savings. My question is: I am Illinois…

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INVESTMENT for a young mom Answered on September 9, 2017

Hello Terry, I am a mother of a 3yr old going 4 on 11/02/17. I live on Paycheck-to-Paycheck but…

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Where to invest money from life insurance Answered on August 24, 2017

My father recently died and had a life insurance policy for my brothers and myself. We’ve received…

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Aug 21 column on Target Date Investing Answered on August 24, 2017

Ron Surz recommends a 10 percent exposure to stocks in the period 5 years before and after…

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457 stay in it or move my money to Fedelity or Vangard Answered on August 24, 2017

I just retired on the 18th. I have a good sum of money in my 457. They have some good funds and…

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how to save on fees when moving money out of country Answered on August 24, 2017

I am moving to France in a few weeks. I will be moving my savngs from my U.S. bank checking account…

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Use Roth IRA assets to get a deduction? Answered on August 19, 2017

Terry, With your help 10 years ago, I was able to move $140,000 from a traditional IRA to a Roth…

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Taxation of Dividends Answered on August 18, 2017

“Since there is no special taxation benefit for dividends on stocks these days, it really doesn’t…

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Student loans — a fraudulent deal? Answered on August 18, 2017

Hi Terry – my son went to a private university for two years and had wanted to be a physics major.

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Best cash back credit cards Answered on August 17, 2017

Looking for the best cash back credit card. We have excellent credit, 800+. Thank you…

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UGMA/UTMA for college money Answered on August 17, 2017

As a grandfather, do I need to transfer my UTMA NY custodial funds to my daughter-in-law, because my…

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Spouse ill; too many questions! Answered on August 16, 2017

I have so many credit cards. Several that I don’t use anymore. I would like to get rid of some of…

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Brightstart IL – vanguard option Answered on August 16, 2017

hi Terry, you mentioned a particular unscrupulous fund advisor in the BrightStart IL 529, but what…

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Turned 70, old accounts; what to do Answered on August 15, 2017

Recently turned 70. Have $10,000 in old 401k from past employer. Also have $10,000 in retirement…

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What is the best way to pay off debt? Answered on August 15, 2017

How can I quickly pay off credit card debt and good saving tips ith good intererst paid…

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Ira withdrawals and tax brackets Answered on August 15, 2017

I am 67 and retired 2 years ago. I am living on SS and savings so far. I paid no income tax last…

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Help — drowning in debt! Answered on August 15, 2017

We have gotten ourselves into a big debt hole. We have to refinance our house before december in…

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Mortgage refund? a Scam? Answered on August 14, 2017

Dear Terry. Have you ever heard of a program that can refund money to homeowners with a mortgage…

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Grocery store stock worth millions! Sell?? Answered on August 14, 2017

My late father in law invested heavily in Publix, a private grocery store. (It used to be open to…

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Finding Your Financial Organizer Form Answered on August 14, 2017

I read Bob Dyer’s 518/17 column in the Akron (OH) Beacon Journal. He mentioned that you have created…

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where to get my credit score Answered on August 14, 2017

Hi Terry, Where can I get a free credit score rating? Thanks for you help!

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Retirement Check-up Answered on August 14, 2017

My husband’s 401K is managed by a company his firm has engaged. We think they have done a pretty…

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Reverse mortgage for second home? Answered on August 8, 2017

Hi Terry. Could a reverse mortgage be used for a second residence? We have most of our extended…

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Dividends in Stock Retirement Plan Answered on August 7, 2017

I have a stock retirement pension plan with my previous company and I was wondering if the dividends…

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mortgage bridge loan Answered on August 6, 2017

so do you have info for me to know if this knowls recommended by Jordan Goodman has had any bad…

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alternative investments to stocks Answered on August 6, 2017

What are some good options to move my investments into, if adjusting my money out of stock funds. I…

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30 year old mature U.S.saving bonds Answered on August 6, 2017

We are a couple in our late 70″s and have several SERIES E U.S. SAVING BONDS that are at the 30 year…

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Student loans for grad school Answered on August 6, 2017

Hello Terry – I need to take out a federal student loan for my graduate degree and I have been…

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Uber driver needs tax advice Answered on August 5, 2017

As a self employed uber driver how much money should I put aside to cover federal, state, social…

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Rolling over retirement funds. Answered on August 5, 2017

Rolling over an ira from my old job into my new job’s deferred comp, I was asked if I wanted the…

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CREDIT SCORE Answered on August 5, 2017

HOW DO I BUILD MY CREDIT SCORE WITH NO CREDIT HISTORY.

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401.k Answered on July 28, 2017

I have a 401.k with my employer is it better to have this money in my IRA. I’m 57…

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Buy or rent vacation home Answered on July 27, 2017

I own a home in Illinois and would like to move to AZ for the winter. I can afford to purchase a…

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Article: June 12, 2017 “Pay attention to retirement account fees” Answered on July 27, 2017

Ms. Savage, In regard to the fiduciary rule discussed in your June 12, 2017 article, I was wondering…

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EEbonds Answered on July 27, 2017

ithey are old.what do ineed to know befoire cashing them???

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checklist in case your spouse dies/Financial Organizer Answered on July 27, 2017

Have you created a financial checklist that covers all the information I might need in case of death…

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401k Answered on July 26, 2017

I’ll be rolling over a 401k to an investment firm, a friend suggested LPL financial. Is this a good…

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College student — How Much to Put into 403(b) from part-time job Answered on July 26, 2017

Dear Terry, I recently started a new job that offers a retirement (403b). I am 19 years old going to…

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Securing a bright Financial Future for my small child who is autistic Answered on July 25, 2017

Good Morning Terry, I am looking for the best way(s) to save for my son’s future. He is 5 years old…

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Investment Answered on July 24, 2017

I am 23 and have lightly babbled with investing via Robinhood for over a year now. Would you suggest…

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Student Loan Fraud –Where is Your Column? Answered on July 24, 2017

What happened to your report that was to be on WGN at 4:00 today, 7/19/17? On student loan fraud. Is…

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Parent Plus Loan Repayment/Disability Answered on July 24, 2017

Hello Terry, My husband took out Parent Plus loans for our son’s college tuition. Since doing that,…

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Denied health claim Answered on July 24, 2017

Who do I contact concerning a denied health claim by my insurance? Is there a reputable lawyer or…

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Tax brackets Answered on July 23, 2017

My husband has a pension coming from a previous job that he quit 20 years ago to go to work at…

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student loan Answered on July 23, 2017

why not discuss lost paper work in student loan collections? many loans are not collectable because…

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credit card asks me to update profile online? Answered on July 23, 2017

Just received a notice from my Discover card, asking me to call or go online to update my profile,…

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On Wendsday New Young Stock Investors Answered on July 23, 2017

What was the web site that you mentioned on WGN news that new investors should check out ?

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Bright Start Answered on July 23, 2017

Hi Terry – I just moved back to the US and started a Bright Start account for our daughter. It seems…

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Senior Homeowner Exemption Answered on July 15, 2017

What exactly qualifies someone for a senior homeowner exemption? Is it simply the age of 65 or does…

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T Rowe Price and Vanguard Answered on July 14, 2017

We are currently with a bank and previously were with Schwab. We are thinking of changing. Can you…

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reverse mortgage Answered on July 13, 2017

Hi, Trying to get info as to what is needed to apply for a reverse mortgage. I’m 68,single and about…

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529’s Answered on July 13, 2017

Several weeks ago, you had a very thorough column on 529 accounts. Where can I find a copy of that…

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Life insurance — how much is “enough”? Answered on July 12, 2017

How much life insurance should our son have? He is 35 years old, married, and has one child. He…

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Pension lump sum or monthly Answered on July 11, 2017

I’m 66 yrs old and in good health. how do u decide if it s better to take pension as lump sum or…

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Ex-Husband Ruined my Credit by Cancelling my Credit Cards Answered on July 11, 2017

Hi Terry, Last year my husband of 30 years filed for divorce. My Husband became upset with me and…

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Retirement Answered on July 11, 2017

I currently owe $160,00 on my condo. I am 64 this year. I earn 50-60k in a job that I am not limited…

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My child wants to invest Answered on July 11, 2017

My 16 year old would like to start investing in stocks. What is the best way for him to begin…

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should we buy or rent in our 50’s Answered on July 4, 2017

my husband and i are in our early 50’s and neither of us are in stellar health, he has diabetes and…

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Personal Financial Organizer Form Answered on June 18, 2017

Terry, I am trying to get a copy of the above form, but haven’t been able to sign up to receive a…

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Financial Advisor Fiduciary Duty — A Sad Story! Answered on June 18, 2017

In May 2013, I gave Merrill Lynch an IRA worth $103,000. The VP/Senior Financial Advisor on the…

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Reverse Mortgage with Younger Spouse Answered on June 18, 2017

I’M 74 yrs. old,and was wondering if a reverse mort. is a good thing? My home is paid for and have…

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internet jobs Answered on June 6, 2017

Hello Terry, I am retired and would be interested in working from home. Internet business seems like…

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personal financial organizer Answered on June 5, 2017

I would like copy of personal financial organizer…

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inheritance and how to use it for retirement Answered on June 4, 2017

Terry, My mom recently passed way and left us kids about 60K each. I am 50 years old and would like…

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Your Reverse Mortgage column — Thanks from an RM consultant! Answered on June 3, 2017

Hi Terry, I’ve enjoyed your column very much over the years. I was pleasantly surprised this week…

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reverse mortgage, senior nursing care Answered on June 3, 2017

Hi Terry We are trying to get my mother-in-law into a Chgo nursing home. She is 94, has alzheimer’s,…

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New Labor Department rule concerning fees for IRA trades and broker standards Answered on June 1, 2017

My broker has suggested that I agree to a new fee process wherein I would pay an annual percentage…

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Money for first time home buyers or qualified buyers. Can’t remember Answered on June 1, 2017

My daughter and her new husband are getting ready to look for a home. Awhile ago I heard you on WGN…

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Consolidation loans Answered on May 31, 2017

Interested in a consolidation loan, about $3000 of debt, and my credit is less than perfect. Small…

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529s and grandparents Answered on May 31, 2017

Terry. . . not a question, just a comment. In today’s column in the San Diego UT, you didn’t mention…

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Bit Coins — a ripoff? Answered on May 30, 2017

Hi Terry. My 16 year old son just spilled, unknowingly, all about his investments in bit coins. I…

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Chicken money at 6%??? Answered on May 30, 2017

I have $ 57,000 sitting in a Money Market after selling my home.I was looking at Knowles System who…

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Personal Financial Organizer Answered on May 29, 2017

I would like a copy of the Personal Financial Organizer form that you mentioned in your April 30,…

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Question on: CD’s from internet banks By Terry Savage on May 9, 2017 | Chicken Money Answered on May 29, 2017

I read this post and wonder about what to ask internet banks regarding death of the CD holder and…

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Early Profit Sharing Pan withdawl Answered on May 29, 2017

i am a 45yo that recently terminated 9 years employment from a small company that made contributions…

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reaching social security age Answered on May 25, 2017

This is an answer, not a question: The one social security alternative I haven’t seen you mention…

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Rebalancing article Answered on May 25, 2017

Can you talk about tax implications of rebalancing . Last time I rebalanced I got whacked hard with…

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Personal financial Organizer form Answered on May 23, 2017

where on your website is the Personal Financial Organizer mentioned in your column in the April 30…

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commercial real estate income funds Answered on May 23, 2017

Financial Planner Jordan Goodman was recently on WGN’s Steve Cochran’s radio show recommending…

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Where to start? I need an investment primer! Answered on May 15, 2017

Embarrassingly it’s taken too long, but I need to understand what’s going on with my money and…

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Credit score concerns Answered on May 15, 2017

My husband and I bought a house and renovated it. We ran out of money and still had to do the…

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Monthly increase in SS Answered on May 14, 2017

Will my monthly social security continue to increase if I defer but do not work past age 63 ?

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debt consolidation Answered on May 14, 2017

Can you give me the name or names of reputable debt consolidation companies? I greatly appreciate…

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Medicare payment when not on Social Security yet Answered on May 13, 2017

Good Morning, I will apply for Medicare at 65 (all parts). However, I plan to take Social Security…

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Help Us Make a Deal to Share a House Purchase Answered on May 13, 2017

Would you be willing to comment on this Buy/Sell agreement between me and my significant other whom…

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Illinois bright start Answered on May 13, 2017

Terry, Is there a better fund to invest money for grandchildren’s education? I am with scottrade and…

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401k expenses Answered on May 13, 2017

My question is in regard to “Total investment expenses: 0.120% $1.20 (per $1,000 invested). .120%…

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Fidelity Credit Card Points redemption Answered on May 13, 2017

A while ago, we started using a Fidelity CC that accumulated points that could be rolled into an IRA…

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Elderly investment strategy Answered on May 13, 2017

I am now overseeing my mother’s finances since my father has passed on. She pays a wealth advisor…

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401K Answered on May 12, 2017

Hi Terry, My company does not offer a 401K, I want to know who and where can I go to set one up. I…

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Expired UTMA account with check that can’t be cashed. Answered on May 12, 2017

I received a check from a Joint account UTMA, that is made out to myself and son that the bank will…

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Living Trust Answered on May 12, 2017

Hi Terry, I am 60 years old and currently I handle all my own Investments through Charles Schwab and…

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reverse mortages Answered on May 12, 2017

Update on Reverse Mortgages, R.V. Good or Bad?

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pay car off with equity line of credit Answered on May 11, 2017

We have no mortgage payment. Should we pay off our car loan of $30,000 with our equity line so we…

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Retirement Plan Answered on May 11, 2017

Terry, My wife and I are in our mid 50’s and I plan on retiring from 597 fitters union in 2 years or…

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Commercial Real Estate Fund Answered on May 11, 2017

I heard a popular Financial Expert mention that a safe bet to make good returns is to invest in a…

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A Correction to my Column on Social Security Answered on May 11, 2017

There is some confusion about your 5-7 column(san diego union tribune) regarding the decision one…

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PERSONAL FINANCIAL ORGANIZER Answered on May 10, 2017

i GOT YOUR EMAIL, i CLICKED THE LINK YOU SUGGESTED, AND I GET THE HOME PAGE AGAIN. WHERE ARE THE…

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Medicaid Qualifying Trust Answered on May 10, 2017

Can you offer resources for how to create a Medicaid Trust that shelters assets and qualifies people…

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Chicken money investments Answered on May 10, 2017

Have 60% in Vanguard, 20% real estate (0 debt) & 20% parked bank @ .04%. (80K ) was thinking to…

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CD’s from internet banks Answered on May 9, 2017

are 6 mo, 1yr CD’s safe from online internet banks? They seem to have better rates.

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rmd rules when you have multiple accounts Answered on May 9, 2017

I have two accounts with IRA money and am at age where I needed to take RMD withdrawals so to make…

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IRA withdrawals Answered on May 9, 2017

In our working days my husband and I put almost all of our savings into IRA accounts. Now that we’re…

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Shouid I contribute to a Safe Harbor 401K plan when I start my first job out of college? Answered on May 9, 2017

I’m trying to learn about how to start saving but I’m unsure how this plan works. How is it…

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Parties to a trust Answered on May 9, 2017

Can a trust be created between a unmarried couple , living together on jointly owned real estate.

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457b contributions Answered on May 9, 2017

Hello Terry. Part of my retirement planning, I invest in a 457b through my employer. I have about…

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Hidden Info Mother in Law’s dementia Answered on May 8, 2017

my MIL is widowed, currently suffering from dementia, has assets she told my husband are in a trust.

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Need more income in retirement. Answered on May 8, 2017

I,m 74 with a self funded retired program —- I am receiving Social Security ( $32,600) anyway to…

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Underfunded Pensions Answered on May 8, 2017

I read your article this morning, 4/24, in the Dayton Daily News regarding underfunded pensions. My…

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Credit Counseling — buried in debt! Answered on May 7, 2017

Hi Terry… My husband and I are a financial mess. We are both horrible money managers and have…

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Social security: when to take it Answered on May 7, 2017

Dear Ms Savage; I enjoy reading your column each week in the Denver Post. Why do almost all articles…

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Personal financial organizer form Answered on May 7, 2017

How do I find it?

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wills, etc. today’s (5/3) topic on the Steve Bertrand Business show Answered on May 7, 2017

I am sorry I just turned on my radio at the end — were you offering a list of things to do re a…

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One or all 3 index funds Answered on May 7, 2017

Would it be wise to invest in a total stock market index fund, S&P 500 Index Fund, and a NASDAQ…

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401(k) Why do you advocate for them? Answered on May 7, 2017

As a investment adviser, are you a fiduciary? This question occurs to me because of your column…

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caregiver pay help Answered on April 24, 2017

My father had a stroke 2 years ago. He needs help with daily living activities I was laid off work.

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Mutual funds — too many?? Answered on April 24, 2017

i invested my pension and mutual fund when I worked for the Chicago public schools back in 97 I…

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My mom’s credit card debt Answered on April 23, 2017

My mom has dementia and is currently in hospice care, not necessarily end of life, but making her…

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Investment thru work Answered on April 23, 2017

The company I work for has an investment plan, sort of. They don’t put anything into it, they just…

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Credit card debt Answered on April 23, 2017

Balance transfer cards vs consolidate credit cards, suggestions for best company Thank you LB…

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Estate Planning — Need Attorney Answered on April 21, 2017

I need help finding an attorney who specializes in estate planning. I am single and have no family.

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401(k) Rollovers Answered on April 21, 2017

Good afternoon Terry, I am a CFP professional in the Plainfield, IL. area. I was recently contacted…

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College Illinois vs 529? Answered on April 20, 2017

Hi Terry. My husband and I purchased 8 semesters of college for our first daughter through the…

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IRA Answered on April 20, 2017

Please clarify to me and your viewers: From a ROTH IRA, one can withdraw up to the total of initial…

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Taking me to court over credit card! Answered on April 19, 2017

I have a account that about to go to court. Should I file for brankrupty, because several attorney…

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Appraiser went MIA for 5 days after due date, then turned in a low appraisal, then disappeared again. Help! Answered on April 19, 2017

As a lender, we are subjected to using the appraisal company assigned. Our appraisal was ordered on…

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26 (f) programs — for real? Answered on April 19, 2017

is this program for real…

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Long term care insurance Answered on April 19, 2017

I am a 63 yr old woman, retired, thinking about purchasing long term care insurance. I have been…

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Can I do anything to increase Social Security Payments at Age 67? Answered on April 10, 2017

I was forced by circumstance to accept Social Security at age 62 because I couldn’t work at the time…

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Severance pay vs staying with company Answered on April 10, 2017

As part of a recent mass layoff, I have 60 days until my employment ends and my last pay check. I…

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Health insurance & Medicare Answered on April 9, 2017

If I have health insurance with my employer as part of my retirement package, why must I sign up for…

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IRA Year Mistake Answered on April 9, 2017

I made an IRA contribution in January of 2016 for my 2015 taxes, but it was coded as a current year…

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Can a senior live on only Social Security? Answered on April 9, 2017

I live in a board and care right now but am applying to senior apts who just take 30% of your…

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2017 Medical Expense Deduction Answered on April 9, 2017

Not a question – a statement. Your column in the April 9 edition of The Denver Post w/regard to the…

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Stock valuation of old shares Answered on April 9, 2017

I have 10 shares of AT&T Corp stock dated December 23, 1997. How much is that worth?

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Social Security Number and Identity Theft Answered on March 31, 2017

What is the percentage of stolen social security numbers for identity thief?

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Financial Advice in Retirement years Answered on March 31, 2017

I am retired and so far very blessed to own rental properties. However I am looking for Financial…

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How do I choose a Medicare supplement? Answered on March 30, 2017

What are good ones what ones to stay away from…

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Medical deduction for cost of Long Term Care/Nursing facility for Alzheimer’s patient Answered on March 29, 2017

I’m trying to help my sister-in-law with her tax return. Her husband was diagnosed over a year ago…

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Help with investing Answered on March 29, 2017

Today I heard you on WGN saying we should not pay financial advisors, go fee based if we have to.

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credit card debt Answered on March 29, 2017

How to pay off credit card debt on a fixed income…

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College expenses as a deduction Answered on March 28, 2017

What college expenses may I include when filing my taxes…

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Changing IRA funds. Answered on March 28, 2017

I am age 62 and have $100,000, in an IRA of all American Funds (100% stock market) at Ameriprise. I…

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Nanny needs taxable income to get Obamacare insurance Answered on March 28, 2017

I am a full time nanny and have to do my taxes soon. The family I nanny for isn’t claiming anything…

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Tribune article 3/20/17 Answered on March 28, 2017

I’m one of the thousands of United Airline employees whose pensions were turned over to the PBGC.

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STUDENT LOANS Phishing Scam? Answered on March 27, 2017

received inquiry from American Education Services holder of SunTrust student loans requesting proof…

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Federal debt — Can the government pay its bills? Answered on March 27, 2017

Can the federal government run short of dollars, and be unable to pay its bills?

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Savings account — best rates Answered on March 27, 2017

Hi Terry, I have some (chicken) money I would like to put away in a savings account for safe keeping…

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Credit Card Cancellation Answered on March 26, 2017

I signed up for what I thought was a rewards card, but it ended up being a credit card. It has not…

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Really — How do I find a Financial Planner? Will YOU do it?? Answered on March 26, 2017

How does one find a reputable Financial Planner and Investor to educate and set us up for…

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get out of stocks — move to cash? Answered on March 26, 2017

at my “late retirement” I want to get out of stocks to limit risk. My objective is secure…

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Scholarship Search website Answered on March 26, 2017

You mentioned a website to help with scholarship searching last week. What website was that?

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Do I owe estimated taxes on a Roth Conversion? Answered on March 26, 2017

vI am going to convert some of my IRA to a ROTH this year. I have the money outside of my IRA to pay…

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withdrawals from retirement plan Answered on March 26, 2017

I have a 457 that I will be able to draw down due to my age I need your help on how to invest it or…

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removing a person off my mortgage Answered on March 18, 2017

I quick claim my property to someone six years ago to prevent losing it and am now requesting her…

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pay off mortgage or save for retirement? Answered on March 16, 2017

I am a 57 year old small business owner. We built a home 11 years ago and have refinanced from 30 to…

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refinancing student loans Answered on March 16, 2017

My daughter in law has 2 private Chase student loans totaling $67,000 at 8% interest!(Dumb, I know!)…

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Pay off house Answered on March 16, 2017

My husband and I are retired and living comfortably. We owe 87,000.00 on our home. My husband wants…

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CollegeIllinois! Prepaid Tuition Plan: The Risks Answered on March 15, 2017

Hi Terry Your articles on this topic are really insightful -have gone thru all of them. I had a…

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Pay for Wedding with IRA? Answered on March 12, 2017

I’m 62 and have approximately 10,000 in credit card debt from my daughter’s wedding. I have a…

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Out of college student investing Answered on March 11, 2017

Hello Terry, I will graduate from college next year with a BS in Chemistry but I already have a job…

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Credit card pay-down Answered on March 11, 2017

I have $10K to pay off about half of my credit card debt (thanks to my father). Is the smartest…

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Investing at 76 years old. Answered on March 11, 2017

I recall reading your column on starting investing with a small monthly amount, I believe it was…

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Grandparents investing for grandchild for college Answered on March 4, 2017

We are first time grandparents and would like to start putting money aside for our grandchilds…

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dividend added to tax base Answered on March 3, 2017

I have, in the past, added the taxes I have paid to my original cost basis. I have a self directed…

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medicare suppliment Answered on March 1, 2017

Do you really need one and if so can you tell me good ones to choose from and what to stay away…

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Managed accounts costs too high? Answered on March 1, 2017

I have read your response to a reader that said paying 2 percent on a managed account is way too…

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Estate planning help Answered on February 28, 2017

Don’t know if you can answer this. . I am 70 yo. .I have a FHA mortgage of $109000. I would like to…

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Financial help for first time home buyer Answered on February 28, 2017

How can the athomeillinois program be helpful to a first time home buyer having trouble coming up…

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financial adviser, Yes or No Answered on February 28, 2017

I see questions about whether or not to work with a “financial adviser” being asked all the time. My…

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About savings bonds Answered on February 28, 2017

HI Terry, My name is Francisco and I have a question about a savings bond I have that I got from my…

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investing new money in the stock market Answered on February 27, 2017

I have some money that I want to invest in a total stock market fund, should I wait to see if the…

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Mortgage Answered on February 27, 2017

A few months ago I heard you talking about a bank giving free money to home buyers because of…

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elderly father lost all his retirement savings when market crashed. Can he recover any of it? Answered on February 27, 2017

elderly father lost all his retirement savings when market crashed. Can he recover any of it?

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IRAs — safe, secure interest rate? Answered on February 27, 2017

I am self employed and would like to put $ in an IRA for 4 years, for tax purposes. Where can I get…

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What, if any, affect will forbearance have on my credit score. Answered on February 27, 2017

I’m on a Sallie Mae loan w/ my daughter, and she requested, and received forbearance on our loan for…

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retirement overview Answered on February 26, 2017

My wife & I putting 100 each in a roth. I put 500 a month in my work 401. putting away 750 a…

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Investment newsletter you recommended Answered on February 26, 2017

Hi Terry, Last week I was listening to WGN radio on in the afternoon. You were discussing…

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Privacy on your site for question Answered on February 26, 2017

is your website safe enough to disclose my 401k total to ask you specific regarding retirement?

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IL 529 vs. vanguard 529 vs other Answered on February 26, 2017

I have 4 children, ages 10, 7, 7, 7. Both my husband and I are in our late 40’s and we need to set…

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Link to your 2-13 article on Pet Insurance Answered on February 23, 2017

Terry – I am a local canine massage therapist and do marketing work with a local veterinarian (Oak…

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Rollover IRA Answered on February 22, 2017

I had a 401k and rolled it over to IRA when I left that employer. If I want to convert some…

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Choosing a financial advisor Answered on February 22, 2017

We have saved for retirement and are now in our sixties. While we have chosen investments ourselves…

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401k Answered on February 22, 2017

When I retire where should I put my 401k ? I will need to withdraw some money annualy…

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Career planning Answered on February 15, 2017

Any idea where to find free career counseling? My college doesn’t offer any to alumni, unless you…

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Artists, Authors, Creative People in business for themselves Answered on February 15, 2017

Is there a website that you can recommend (other than yours, of course) for artists and other…

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Using existing property as collateral for a second investment property Answered on February 15, 2017

Hi Terry, I currently own an investment property that I rent out. It’s a house in a nice western…

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Stock Inherited — What Now? Answered on February 14, 2017

Hi Terry, My father in law passed away a few weeks ago and my husband is named on all of his…

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CHICAGO TRIBUNE ARTICLE ON STUDENT LOANS Answered on February 13, 2017

I found your article on student loans to be of interest as I am paying on these for my son. I…

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Mortgages –How do I compare? Answered on February 13, 2017

What questions should you ask a potential mortgage lender?

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Where to buy Gold Coins Answered on February 13, 2017

Where or how is the best way to buy actual Gold.

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Someone to manage my bills Answered on February 13, 2017

Is there a name or an agency that you can recommend to handle setting up payment arrangements and…

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529 Plans — November 21, 2016 Chicago Tribune column Answered on February 12, 2017

Hi Ms. Savage. My wife and I want to set up 529 plans for our seven grandchildren, all of whom live…

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Use mortgage refi to pay off credit card debt Answered on February 12, 2017

I want to pay off our credit card debt of $23,000 and wonder if it is better to get a debt…

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Safe investment to earn 7-10% Answered on February 12, 2017

Hi Terry, My husband and I are looking for a safe investment for some extra cash we have…

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Minimizing taxation of SS benefits in retirement Answered on February 11, 2017

I have a question about minimizing taxes on SS benefits in retirement. I’m 60, plan to retire at 65,…

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26f programs — Avoid this Ripoff! Answered on February 11, 2017

I am reading about this and it seems tons of money can be made. What are these 26f programs and who…

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Legacy Planning for my 401 Answered on February 11, 2017

I am retired and not active at work. My company’s 401 is paying a great fixed rate so I don’t want…

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Roth IRA if I have a 40l(k) at work? Answered on January 29, 2017

When does it make sense to use Roth IRA. I already am participating to the maximum to my 401K. Does…

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dollar cost averaging Answered on January 29, 2017

Thank you for answering my first question. I was in an all bond portfolio, and out of the market for…

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debt Answered on January 29, 2017

hi, I am being sued, by a collection agency, I am on disability, they filled the first time in…

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selling life insurance policy Answered on January 28, 2017

I have a $450,000 term life insurance policy. I will turn 75 this year and my premium payments will…

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Cash Settlement from Lawsuit Answered on January 27, 2017

Hi Terry, What is the best way to invest a fairly large cash settlement from a lawsuit? Thank you!!

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Ill. Brightstart 529 Plan as a short-term investment? Answered on January 27, 2017

Terry, I have read your opinions on the IL Bright Start 529 plan in the past couple of years and…

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Gold Stock, Zinc Stock Answered on January 27, 2017

Would this be a good time to invest in gold an zinc stock…

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Debt counseling Answered on January 26, 2017

I have read your comments about the 5 things you should know about debt counseling. Thanks for that.

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Advisor took me Out of the Market 4 months ago! Answered on January 26, 2017

After managing my own money for 25 years I went with a financial advisor. Oct 1st he suggested a…

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Obama care eligibilty Answered on January 26, 2017

Terry, Can you get rejected for Obamacare cause of your income because my son in the process of…

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Trustee’s Deed IL Farmland Answered on January 25, 2017

My husband (who is disabled with younger onset Alzheimers) inherited, by trust, 2 farms with his 3…

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Life insurance at age 24 Answered on January 24, 2017

I am 24 turning 25 in six months, i have life insurance through my employer but only for 30k. I have…

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Trust Brokerage account, Mom has dementia Answered on January 24, 2017

My mother-in-law has a trust brokerage account along with my brother-in-law. He just died and she…

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LIFE INSURANCE — changing beneficiary Answered on January 24, 2017

My husband got life insurance and beneficiaries are me and his 2 adult kids that don’t live here.

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Our Revocable Living Trust Became an Irrevocable Trust at his Death! Answered on January 23, 2017

In 1993, my husband and I had a Family Revocable Trust written up with a revision made in 2004. Then…

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Health Insurance for small business Answered on January 23, 2017

At the end of this year our dental office, 10 employee, and a C Corporation offered a group plan to…

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Reverse Mortgage Answered on January 23, 2017

Have been advised to take out ‘perverse’ mortgage’ to pay for 1/3 of house stuck in trust… have…

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First Steps of Finances Answered on January 22, 2017

Hi Terry. I am a recent graduate with no debt (thankfully). What are the first things I should do to…

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Parents separated 20 years, then one dies Answered on January 22, 2017

Hi terry my mom and father were married but been separated for over 20 years my dad passed away on…

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Debt Collection, Now my Wife is Involved! Answered on January 22, 2017

Hi, Ms. Savage, I have a medical collection that I have been trying to get rid of for quite a while.

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Paying off Credit Cards Answered on January 22, 2017

Hi Terry, Do to illness, I behind on several credit cards and receiving phone calls for payment.

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Paying off everything Answered on January 22, 2017

My husband retired at 60, I’m still working and am 58. He has a pension for life. If he dies I will…

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Investment within Vanguard IRA at age 85 — too conservative? Answered on January 17, 2017

My mother has been conservatively investing in the Treasury Money Market for many years in the…

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Life insurance affecting estate value Answered on January 17, 2017

Terry, in your column in today’s Chicago Tribune you state the “The total value of life insurance…

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Gift Limit Answered on January 17, 2017

I understand I can give an amount each year to nieces and nephews without (inheritance or gift tax)…

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Taxes on a company plan withdrawal? Answered on January 17, 2017

I contributed to a company tax deferred plan. I retired & I am 62 yo. In 2016 I withdrew 12,000…

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IL State Teacher Pension most likely outcome Answered on January 9, 2017

You were one of the very first financial experts to call attention to the underfunding of the IL…

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bonds Answered on January 9, 2017

Retired. Have hi yield bonds in vanguard also inflation protected securities bonds. Should I remain…

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How do I find a financial advisor? Answered on January 5, 2017

How do I find a financial advisor?

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Closed credit cards Answered on January 4, 2017

Due to an illness, I couldn’t pay credit cards, they have closed the accounts. Should I continue now…

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old student loand debt Answered on January 4, 2017

Hi Terry, I have student loan debt and I have been working for 15 years. I am looking for advice on…

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How do you buy penny stocks without a broker? 2nd Request!!! Answered on January 4, 2017

How do you buy penny stocks without a broker? 2nd Request!!!

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Commercial mortgage bridge loans Answered on January 3, 2017

Terry: Would you advise investing in these loans and, if not, why not. Thanks so much in advance and…

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Is joint checking a good idea with a single child Answered on January 3, 2017

My 25 year old daughter purchased a house on her own. I am her mother and on her checking and…

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Paydown mortgage? Answered on January 1, 2017

I am retired – my income is substantially less from not working – living off some non-taxes…

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Timing for returning into the Bond Market Answered on December 28, 2016

Hi Terry: With the downturn in the bond market due to the election and the fed increasing the…

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Home Equity Loan Paydown with Divorce on the Horizon? Answered on December 27, 2016

Owe about $90,000 in Home Equity. The mortgage is paid in full. Have about $120,000 in stocks. Would…

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Crowd-funding — a good idea? Answered on December 27, 2016

What is your opinion about the wisdom for the small investor of investing in crowdfunding or peer to…

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Just heard you on WGN…what was the name of the budget book from Amazon Answered on December 26, 2016

Please give me the name of the budget book you discusses today available on Amazon…

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Financial Advisor on Radio has bad Background Check! Answered on December 26, 2016

Hello, Terry. My husband and I are met a financial advisor who has a radio show on WBBM. I searched…

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IRA to HSA? Answered on December 26, 2016

Seasons Greetings,Terry! I would like to transfer money out of an IRA that’s paying less than 1% to…

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Credit Answered on December 14, 2016

I just rec’d a letter from one my creditor who offer me a chargeoff amount less than half of what I…

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Fidelity Management Fees Answered on December 13, 2016

Upon retiring at 66 yrs, I recently rolled over my 401k into my existing Fidelity IRA. The total is…

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Charity contribution website Answered on December 13, 2016

I seem to remember that you suggested a website where people can choose a charity to contribute to.

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529 Plan Answered on December 13, 2016

Hi Terry, I’m an IL resident who recently became a father and I’m looking to open a 529 plan before…

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Pay off mortgage with 401k withdrawal? Answered on December 12, 2016

60 years old facing impending downsizing…over $600k in IRA/401k jointly. $100k mortgage…would it…

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student loans Answered on December 12, 2016

HELP! My daughter has more than 60,000 in student loan debt. She has consolidated these three loans…

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Social Security sent someone’s important info to ME!! Answered on December 11, 2016

Name on the documentation SS sent to me is for a guy named Kevin and I’m a girl named Carrie. It…

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Health Insurance Plans for Small Biz — Deadline December 15th! Answered on December 11, 2016

MY FRIEND HEARD ON WGN NOON BUSINESS LUNCH 12/07/16 SOMETHING ABOUT INSURANCE FOR SELF EMPLOYED…

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Unsecured Senior Debt Answered on December 11, 2016

Hi Terry, I believe I’ve heard you talk about the DCSD, dept counsel for seniors and disabled, on…

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Disposing of men’s magazines Answered on December 11, 2016

Hi Terry, An awkward but serious question… Like a lot of men, I have a collection of Playboy and…

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Gifting IRA’S for adult children Answered on December 11, 2016

I would like to set up accounts for each of my two children to help them with their retirements…

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debt relief Answered on December 6, 2016

I would like a recommendation of a service to help me get my credit card debt in line. Right now I…

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Euro v. Dollar for my Trip Answered on December 5, 2016

With the dollar strong against the Euro, I was wondering, since we’re taking a European river cruise…

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Fiduciary Ruling by DOL — Broker says GO! Answered on December 5, 2016

Could you please explain the DOL fiduciary ruling which will take place next April? Our financial…

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financial advisor expense Answered on December 5, 2016

Financial adviser cites 1.25% cost of my portfolio yearly minimum expense to manage my finances. At…

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I don’t have a credit score! Answered on December 4, 2016

I am a 46yr. old man with a credit score of 0. How should I start going about earning credit?

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Do i need a Medicare supplement policy? Answered on December 4, 2016

I saw this article and wondered is this good advise to not get supplemental insurance? Thank you.

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Health Plan Deal for Small Business? Answered on December 2, 2016

I read your column The Savage Truth in my local newspaper about a little-known quirk that allows…

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HARP or HAMP — please help! Answered on December 2, 2016

I am confused on HAMP and HARP I would like to refinance my home mortgage, I have not missed any…

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Credit counseling help, please Answered on December 2, 2016

My wife and I have a large amount of debt with high interest rates. We’ve done money management debt…

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When to review/change Revocable Living Trust Answered on December 2, 2016

My husband and I have a revocable trust established in 1997. I have been advised by an attorney that…

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Evaluating a Coin collection Answered on November 24, 2016

As I was going thru my mothers things I found and article written by you from June 1998 regarding…

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Form for Revocable Living Trust Answered on November 24, 2016

Where can I find a Revocable Living Trust Form?

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Credit Card — Can I cancel? Answered on November 24, 2016

Hi Terry, My question is – is it better to have a credit card account closed due to inactivity or…

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Advice on when to take SS Answered on November 24, 2016

Hi Terry I am nearly 66 and considering taking my SS now. I would like some advice on the wisdom of…

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401K at 71 Answered on November 23, 2016

I received a letter from my 401K that I have to use some of the money because of my age. I am still…

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Seeking Comparable Fund to Invest In Answered on November 22, 2016

Good afternoon Terry! My father had turned me onto your show and I have since purchased and am in…

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IRA rollover decision Answered on November 22, 2016

Hi Terry, have been following your dedicated help to many regarding our financial concerns. I have a…

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bond funds losses Answered on November 21, 2016

Hi Terry, I am retired and just have a little bit of money in the market. Mostly bond funds and some…

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long term care insurance Answered on November 21, 2016

Hello. I just got a 96% increase in my and my husband’s CNA long term care policy premium. I live in…

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Vanished Stocks Answered on November 20, 2016

Hello Terri, I saw you on WGN morning news the other day, and am trying to find my stocks from an…

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529 savings plans — who can contribute Answered on November 20, 2016

Hi, Terry, I enjoy your columns in the Sunday Denver Post. This morning’s (11/20), on 529 savings…

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93yr old dad won’t make a will Answered on November 20, 2016

Hi Terry, my dad is 93 in pretty good health, mom passed away 2yrs ago. They owned 4 properties, one…

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election fear Answered on November 20, 2016

I have heard some “experts” say that if Trump is elected, most of the 401k money will be gone due to…

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Credit Answered on November 19, 2016

What is best to do to clean/restore your credit, bankrucpty or credit repair…

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Small business health care Answered on November 19, 2016

My husband and I are both independant contractors and pay for private health insurance. It is…

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Small business insurance Answered on November 19, 2016

I am not having any luck finding the article on small business insurance. Every time I hit read more…

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Small Business health Insurance Answered on November 19, 2016

In regards to the information you provided on Small Business health insurance, I am wondering if we…

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Small Biz Health Insurance Deal Beats Obamacare Answered on November 19, 2016

“The concept is attractive to business owners, because they do not have to contribute to the cost of…

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Aggressive verses Conservative Answered on November 5, 2016

I’m 68 years old with an IRA that I don’t contribute to but is managed by a financial firm with some…

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Learning how to budget Answered on November 5, 2016

I would like to teach my son of 26 years how to budget his money. Is there a good source for…

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Moving IRA into 401k Answered on November 5, 2016

I am employed by USPS and have money in TSP. My husband is retired and has his money in an IRA which…

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Money Market Fund Safety Answered on November 4, 2016

I have begun receiving communication from a third party administrator (TIAA-CREF) concerning changes…

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Short answers to complicated problems Answered on November 3, 2016

Terry, I met you on a T Rowe Price Seminar with Holland American Lines to Alaska, years ago. I am…

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Long term care insurance Answered on November 3, 2016

I am a 57 yr old male in relative good health. With rising health care costs and concerns about my…

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Are there penalties for transferring 401k to another 401k Answered on November 2, 2016

Hi Terry, I was a freelancer for several years and started a 401k plan and at the beginning of this…

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Present value Answered on November 2, 2016

My wife has the opportunity to take a lump sum pension payment now of $64247 or a lifetime annuity…

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2017 purchase of health insurance Answered on November 2, 2016

I heard u talked about a one year plan. My wife and I recently Retired and cobra runs out end or…

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Trusts and estate planners Answered on November 2, 2016

by the time it’s discov ered!What do I look for when looking for a qualified professional?

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401k rollover Answered on November 1, 2016

My wife is offered a lump sump payment from a previous employer from her 401k. i have a small IRA…

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Medicare Part D — “SHIP” Resources Answered on October 31, 2016

Not actually a question, but two comments in relation to your column “How to navigate murky Medicare…

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Student Loan Repayment Answered on October 31, 2016

I have $25,000 in student loan debt thru Navient(formerly Sallie Mae). It’s from the years of…

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Your column on Medicare Drug Plans Saved Us Money! Answered on October 31, 2016

Just a great big thank you for your column. Called eHealthMedicare, talked to Eunice Reid. Great…

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529 College Savings Plans Answered on October 31, 2016

If your adult children have established 529 plans in another state, can Illinois grandparents…

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health insurance — short term Answered on October 31, 2016

You talked about a one-year plan on the WGN Business lunch last Wednesday. Did I hear you correctly?

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SAVING FOR RETIREMENT Answered on October 31, 2016

FOR ALMOST 25YRS I HAVE BEEN LIVING ON A BUDGET IT IS TAKING A TOLL ON MY LIFESTYLE IF I AM SAVING…

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Bonds Answered on October 27, 2016

Do Bonds go up or down when the interest rate goes up?

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Rent vs. buy in your 50’s Answered on October 25, 2016

Hi Terry- We have 2 kids in college and recently sold our house because it was too expensive to…

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How can I obtain credit to purchase property/car Answered on October 25, 2016

I am an unemployed young adult who have recently received a substantial amount of money. I don’t…

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Retirement income planning advice Answered on October 25, 2016

Who do you recommend in the Chicago area to help me with what to do with my 401K etc as I enter…

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529 Plans, State of Illinois Answered on October 24, 2016

Please give me your opinion of Illinois’ 529 Plans. In particular, what do you think of the Bright…

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Living Will Answered on October 24, 2016

Can Living Trust forms be obtained on-line or must I go to an Attorney?I don’t have much, but I want…

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Buying kids first stocks as gifts Answered on October 24, 2016

You talking WGN about a first stock to buy kids as gifts to get him started in stock trading what is…

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Debt Help for Seniors Answered on October 23, 2016

I recently read an article that you wrote in the Tampa Bay Times regarding Debt Help foro Seniors. I…

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Personal Financial Organizer Form Answered on October 23, 2016

How do I get a copy?

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The Later Years — Money for Fun Answered on October 23, 2016

I would like your thoughts on whether a man entering his late 60’s, with no spouse or offspring,…

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escheated Answered on October 15, 2016

Is it necessary to make a contact with say insurance company’s holding policies 20 years old? State…

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foreclosure on ex-wife impacts her son Answered on October 14, 2016

My son gave his wife the house in their divorce but her credit was too awful so the mortgage stayed…

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Should I pay cash for a new car or almost new? Answered on October 13, 2016

I recently sold my home and have $60,000 left. My bills are paid, all credit cards are 0.00 balance.

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Roth IRA Answered on October 13, 2016

If I convert money from an IRA to a Roth, do I lose the interest rate?

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possible usury Answered on October 12, 2016

My husband was a union member for 34 years until he retired early with an “earned” disability.

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529 plans Answered on October 12, 2016

I enjoyed your October 9th column in the Hartford Courant on 529 plans. I have two sons who have…

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1st Purchase Home Mortgage Answered on October 12, 2016

My 29 year old daughter is looking to buy her first house. She is wondering if she should pay off…

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Escheate Answered on October 8, 2016

Hi Terry, No question…just thanks for the WGN (Escheate) segment this week. Looked at some of my…

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what to do with vacant land Answered on October 8, 2016

I purchased some land outside of Tucson in the 60’s and the taxes were nothing for many years…

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Best secured cards after a chapter 7 discharge Answered on October 8, 2016

I was wondering what would be the best secured credit to apply for after a Chapter 7 discharge ?

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Where to invest for Gold Answered on October 2, 2016

A few years back I followed your suggestion and invested in the Everbank Gold Fund which has since…

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Student loans Answered on October 1, 2016

Hi Terry, I recently received financial aide but it won’t cover my tuition for grad school. Any…

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Bright Start Answered on October 1, 2016

Good evening, I saw your post on why you shouldn’t use Bright Start. If i already have been using…

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Reserve Currency Answered on October 1, 2016

What do you make of all this talk of the dollar being ditched as the reserve Currency and the…

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IRA REQUIRED MINIMUM DISTRIBUTIONS Answered on September 30, 2016

In 2 years I will need to begin to take my Required Minimum Distribution, where is the safest place…

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Life lock or similar product Answered on September 30, 2016

Should I purchase a product like lock life. We have multiple checking accounts and credit cards.

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term or life insurance Answered on September 29, 2016

I just turned 59 today. I have no children. Not married. I have term but as you know it will expire.

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date of maturity of Series EE savings bond Answered on September 29, 2016

I have a Series EE savings bond issued 09/1986. Is the bond fully matured as of September 1, 2016 or…

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Are personal tuition costs tax deductable? Answered on September 29, 2016

Hello, I’m 57 and returning to school in 2016. I’ve paid the tuition costs in full in 2016 and I’m…

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where to put money Answered on September 28, 2016

have recd a cash settlement….have other retirement money in place….whats the best place to put…

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internet fraud — horrible scam Answered on September 28, 2016

Hello, I am wondering if you can point me in the correct direction. I had receeved an e-mail about…

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Long term care insurance increases and inflation protection Answered on September 28, 2016

At age 58, I purchased LTE insurance from a reputable company. Now, as I approach age 63, I am told…

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fixed indexed annuity question — Terry says: Don’t Do It!!! Answered on September 27, 2016

I am 71 years old and recently retired. I have money in a 401K that a financial adviser suggests…

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necessary info to leave in my will Answered on September 27, 2016

A while ago you were kind enough to enable us to have a list of necessary information for my will…

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Refinance mortgage at lower rate or pay down current loan? Answered on September 27, 2016

We own a condo and owe about $100k on our current 30 year fixed mortgage (5.125% interest rate) and…

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Personal financial organizer Answered on September 27, 2016

Where can I download and print this out for myself and my children?

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Medical Bills — Now What? Answered on September 27, 2016

What suggestions do you have to pay off excessive medical bills that accumulated when I was out of…

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Searching for an unbiased, fee based advisor Answered on September 27, 2016

Hi Terry, You had responded back in January of this year to a question I had about paying off my…

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Beneficiary Problem For Cohabiting Couple Answered on September 26, 2016

My Mother lives in another state. My boyfriend lives with me. Each is a 50% beneficiary of my…

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Federal Long Term Care Insurance Premiums Over Age 80 Answered on September 25, 2016

My husband and I have FLTC Insurance and have two questions relative to your column in the Santa…

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Help — need methods of debt relief Answered on September 25, 2016

I have about 34000 in unsecured loans and credit card debts. i am paying about 1500$ a month on…

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interest rates & the Fed Answered on September 24, 2016

Terry: when the Fed raises interest rates is that good for my money market investments or bad? I can…

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Inheritance, Gift Tax of Money from Philippines Answered on September 24, 2016

Hello! My family owns property in the Philippines. We are in final stages of selling it. Because…

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Auto Insurance vehicle coverage for retirees Answered on September 24, 2016

Hello Terry We would benefit greatly from some suggestions on auto vehicle coverage, including…

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Long Term Care Ins — Companies Need to be Audited! Answered on September 24, 2016

Having read your article advising policy holders burdened by the up to 126% increases in premiums I…

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Business grants for minorities Answered on September 22, 2016

Where can I get a first time minority business grant.

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Government Grant Answered on September 21, 2016

Terry, what’s the best official website where I can do research on acquiring a Federal Government…

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estate question Answered on September 20, 2016

I am the executor of my friends estate and was beneficiary of all assets when she passed . Due to…

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LTC insurance -combo life Answered on September 20, 2016

To secure a combo life /LTC policy, what type of health underwriting is required to secure the life…

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personal finances Answered on September 20, 2016

I applied for a ParentPlus loan for my son’s college tuition. I was approved and my son was able to…

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FAFSA and Divorced Parents Answered on September 20, 2016

Hello, My 21 year daughter moved to her Dad’s house in Florida in September of 2015 (I live in…

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Federal Employees Long Term Care Insurance Answered on September 20, 2016

In your recent article “Sticker shock for long term care insurance”, you stated that “Premiums were…

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I no longer work for a company Answered on September 20, 2016

Im 60 yrs old and no longer work for the company i had a ira with though edward jones i want to…

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Federal Long Term Care Insurance Answered on September 20, 2016

What was the source of your information regarding the number of federal employees who have…

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long-term-care insurance Answered on September 13, 2016

Thank you for your article discussing the sticker shock of the rise in premiums for long-term-care…

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Umbrella Insurance Policy Answered on September 13, 2016

My homeowners and auto insurance rep is recommending an umbrella insurance policy (365.00 per…

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mortgage with low credit score? Answered on September 13, 2016

We live in Brookfield and have our home paid off and would like to move. Our house is not worth as…

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Where to Park Money after Spouse’s Death Answered on September 12, 2016

My husband just recently passed away and I will be receiving the death benefits plus other funds…

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Why Is My Banker Pushing Annuities? Answered on September 12, 2016

Hi, Terry. I am in the process of transferring several IRA accounts, as each one reaches maturity,…

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FLTCIP Premium Increase — Terry Corrects an Error! Answered on September 11, 2016

In your article you state that premiums for “anyone over age 80 were not increased”. My wife, age 81…

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Fed rate increase Answered on September 11, 2016

So can you explain how .25 of a point raise will mean very little to someone’s savings but the cost…

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I’m a chicken Answered on September 11, 2016

Just wanted to say I read Chicken Money a few moons ago and it’s lessons have stuck with me over the…

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Long-term care insurance combo poicies Answered on September 11, 2016

A recent article of yours published in our local newspaper dealt with new combination life/LTC…

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Financial Planner — how to judge? Answered on September 1, 2016

Hello Ms. Savage. My wife & I are big fans. Been following your advice for years. Your are so…

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online stock trading Answered on September 1, 2016

Which online stock trading company would you recommend? Firstrade, Scott Trade, Ameritrade, E*Trade,…

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credit monitoring services Answered on September 1, 2016

Should I have credit monitoring and if so what do you recommend. We have 4 checking accounts and…

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will medicaid take my mothers house after she passes? Answered on August 30, 2016

In 2006 my mom did not have health insurance & ended up with congestive heart failure &…

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inheritance and special need trusts for disabled Answered on August 29, 2016

hi I have a question if a person is 77 years old and disabled in a wheelchair in Illinois and on…

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Pay Off Mortgage in retirement? Answered on August 29, 2016

My husband and I are retired and have approximately $1.4 million in IRA/retirement funds. Our home…

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EE Savings Bonds — Complicated questions for distribution after a relative’s death Answered on August 29, 2016

I have several EE Savings Bond that were issued in 1989 and were owned by my Aunt. l was added as a…

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Insurance website Answered on August 29, 2016

What’s the best life insurance for cheaper…

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Social Security article Answered on August 29, 2016

Dear Terry, Enjoyed your recent piece, thanks for outlining some history of Social Security…

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401K after being terminated from job Answered on August 28, 2016

Hi Terry, I was just let go from a job I was at for 19 years. What do you recommend I do with my…

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Roth vs. IRA withdrawl Answered on August 28, 2016

I’m 75 and retired. I have about $650K in a Roth and $98K in an IRA. My wife (age 73) has $900K in a…

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Should I not be using my IRA? Answered on August 28, 2016

I worked at a very large company in a middle management type of position for many years. About a…

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Annuity purchased — Terry Says “giant ripoff”! Answered on August 27, 2016

I just heard you on WGN and have a question regarding the American Equity Gold deferred income…

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Buy or lease a car Answered on August 27, 2016

I am retired and I would like to get a new car. My car is 19 years old. What is your feeling about…

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IRA/401K — advice? Answered on August 27, 2016

Hi Terry, I’m sixty-three years old and have been retired for two years plus from the railroad…

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Life Insurance Answered on August 27, 2016

I’m a single mom with three boys aged 26, 20 and 16. I can opt for additional life insurance through…

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senior property tax freeze in cook county Answered on August 26, 2016

My neighbor’s house was misclassified for 50 years as a two story with full basement when in reality…

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Engaged Couple Considering Savings Account Option Answered on August 26, 2016

Hello Ms. Savage, Thank you for taking the time to answer our question. We are newly engaged and are…

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IRA BENEFICIARIES tax consequences? Answered on August 26, 2016

Dear Terry, My 2 children are my IRA beneficiaries. If I die will they have to pay taxes on the…

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dividend reinvestment? Answered on August 26, 2016

Is it best to let dividens roll back over to purchase more holdings of the same fund … or to take…

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Refinance Mortgage? Answered on August 26, 2016

I am in the 8th year of a 30 year mortgage @ 4.5% with 85K remaining to be paid. Would it be wise to…

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IRA annuity income Answered on August 21, 2016

I heard your comments on this on WGN. My husband passed away a year ago. I had all of his IRAs put…

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Assisted living Answered on August 21, 2016

My parents (93 & 94) living in a 55+ community are needing to move to an assisted living…

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Long Term Care Insurance premium increase Answered on August 21, 2016

Hi, Terry. In 2005, at age 56, I purchased LTC insurance through my employer, the federal…

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RMD used to purchase a QCD annuity. Answered on August 21, 2016

Dear Terry, Next year I and my wife will begin taking required minimum distributions from our…

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Identity Theft Answered on August 14, 2016

I received a letter that I opened a savings account at some credit union in Virginia (never been…

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Student loans Answered on August 14, 2016

Hi Ms Savage, I’m sure you have addressed this type of question before…However, what is the best…

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Your recent Tribune column “do your research before diving into annuities” Answered on August 14, 2016

Could you please elaborate a little more on your paragraph “take a portion of your rollover money”,…

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Life/Long-term care insurance. Answered on August 14, 2016

My wife (age 73) and I (soon to be 73) are in fairly good health (although my short term memory has…

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combo life/LTC policies ( as cited in you recent article) Answered on August 14, 2016

i am 84. Is that too old to get such a policy? if not, what companies, offer such policies and what…

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Special needs trust Answered on August 12, 2016

My son’s settlement was put into a special needs trust. The bank has been investing it in the stock…

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Grandchildren College Investment Answered on August 12, 2016

I’m trying to contribute to my grandchildren’s future college. I closed out Illinois Brightstart…

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Covered Calls Answered on August 12, 2016

Hi Terry, Do you think selling covered calls on stocks is a viable growth option? I am interested in…

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difference in fed student loans Answered on August 12, 2016

what is difference between fed direct subsidized loan and subsidized student loan…

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MRD Answered on August 12, 2016

During the year that I turn 70 1/2, does any withdrawal from an IRA count toward the MRD, or do I…

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irrevocable trust for home Answered on August 12, 2016

What are the pros and cons of placing a personal residence in a trust?

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pre marriage finances Answered on August 11, 2016

your recommendations for my son re: pre-marriage & $$? We are pretty well off, he has no debt,…

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401k distributions to adult children? Answered on August 11, 2016

I have a small(100k) 401k and will be 70 1/2 in a few years.Is there a way to give this money to my…

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BEST STOCKS TO INVEST IN INDIA AT PRESENT AND FOR HOW LONG Answered on August 11, 2016

WHICH ARE THE BEST STOCKS IN INDIA TO BUY NOW AT WHAT PRICE AND HOW LONG TO HOLD?

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Withdrawal rate in retirement? Answered on August 10, 2016

Retired 4 months ago collect S S ,have Medicare and va health benefits,am in good health,should I…

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Silver bars or stocks? Answered on August 10, 2016

I asked a question of investing in silver bars or etf mutual fund Also going to a company like…

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Grandson’s 529 plan Answered on August 10, 2016

I’m grandma owner/participant of my grandson’s 529 plan. Should I transfer it to his parents 529…

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First Time Home Purchase With Settlement Money Answered on August 9, 2016

I have a question on this. I have decided to take half of my divorce settlement 26k after a year…

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Credit Card Debt Answered on August 9, 2016

Hi Terry, I’m having difficulty paying off my credit card debt and am currently only able to make…

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Unexpected Gifted money Answered on August 9, 2016

I recently was gifted $28,000. I am 74 years young with about $250,000 invested in CD’s and a…

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Credit Score Answered on August 9, 2016

Hi Terry, I wrote to you over a year ago in reference to my inability to get a credit card after…

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457 ICMARC RETIREMENT Answered on August 9, 2016

Hello, My son is 23 yrs old and is a wild land firefighter and has just been offered benefits. How…

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Chicken money Answered on August 9, 2016

New to your site – What is Chicken Money?

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Annuitization done — now how do I gift the payments? Answered on August 9, 2016

This may be a study in frustration. I didn’t find the site before I made a decision to annuitize 4…

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Co-sign a car loan? Answered on August 8, 2016

A 80yr old needs very much to retire, but she has co sign for a vehicle for a family member and now…

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annuities in 40l(k) Answered on August 8, 2016

What are both the positives and the negatives of putting a portion of a 401 K into an annuity after…

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Financial organizer Answered on August 8, 2016

I just signed up for your newsletter. I don’t see any link for the financial organizer form.

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Commercial real estate investment Answered on August 8, 2016

I contacted “commercial real estate income funds” because I heard about it on WGN, the minimum…

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ETF’s that rebalance? Answered on August 8, 2016

I recently transfered my some monies to an existing IRA that I’ve had for many years. I was…

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delayed annuity Answered on August 8, 2016

-Does cost of buying an annuity and amount of return f lactate with interest? -can I buy delayed…

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Index Funds — how to move my account Answered on August 7, 2016

Like many I am paying (1.3%) a fund management fee, in this case for my IRA/Roth retirement…

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personal financial organizer Answered on August 7, 2016

where is the link for the Personal Financial Organizer? thank you, barbara…

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Co-Op Communities Answered on August 6, 2016

Hi Terry, I hope you’re well and happy. I am a 71 year old widow and will sell my house in the next…

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debt Answered on August 5, 2016

Dear Terry, I am in desperate need of help. Our credit card bills amount to 40,000.00. Yep you read…

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Genworth LTCI Answered on August 5, 2016

Mom is 95, legally blind, been paying premiums for years. Is it possible she will be taken off the…

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post-retirement investment strategy Answered on August 5, 2016

I understand the data on average superiority of index mutual funds to managed funds while building…

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universal life insurance Answered on August 5, 2016

my 92 yr old dad needs options for his universal life policy taken out in 1987. The insurance…

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Annuities direct Answered on August 4, 2016

I heard last part of your discussion on 8/4 with Steve Bertrand re: annuities and was in the car so…

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Index Funds Answered on August 4, 2016

Your article in the Times about index funds suggests that index funds beat most managed funds over a…

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Stock and Housing Market — another crash? Answered on August 4, 2016

Terry – I’m retiring in 2017 and I’m frightened by what I hear about another stock market adjustment…

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financial advisor Answered on August 4, 2016

We are meeting with a Geiger Wealth manager. I want to know if they sell only annuities and who…

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Marriage affecting personal credit scores… Answered on August 4, 2016

Hi Terry, My fiance and I were planning on getting married but she is afraid it will ruin her credit…

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Investing Answered on July 30, 2016

Terry, I am new to investing. What is the best way to learn about stock & bond markets,…

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Corporate bonds Answered on July 29, 2016

I have 5 corporate bonds (laddered) and I wonder how safe these will be in the future. They are all…

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short term or long term disability insurance Answered on July 28, 2016

for a healthy 63 year old nearing retirement in 3 years with recently taking a less stressfull job,…

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Public Companies Going Private Answered on July 28, 2016

I own shares in a company that has deregistered from the SEC Stopped trading on the pink sheets – a…

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Required401k distribution Answered on July 27, 2016

I am 81 and employed part time in a business owned by my sons. I am required to take my 401…

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403B — safety inside retirement plan? Answered on July 26, 2016

If bonds may take hit soon, how would you diversify your 403B with only 2 years to retirement?

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fixed annuity maturing Answered on July 26, 2016

Fixed annuity maturing 8/4 my husband took care of this …he has been diagnosed with dementia and I…

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ETF’s Answered on July 26, 2016

Our current managed portfolio consists mostly of ETF’s vs Mutual funds. An advisor from a different…

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portfolio adjustment Answered on July 26, 2016

I am retired for three years. My present portfolio has a mutual fund component that is presently…

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Paying off equity line of credit (second Mortage), Answered on July 22, 2016

Terry, I had a $50,000 (elc). I’ve paid it down to $11,000. The bank caught me at a bad time 2010…

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withdraw of 120.000 from fed thrift saving plan for down payment on house. Answered on July 22, 2016

Terry, i’m a fed employee enrolled in the thrift saving plan. I will be 59 1/2 years old in November…

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Financial Organizer Answered on July 22, 2016

I signed up. when i got the response it gave a site to click on, but the site was not highlighted so…

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Financial adwaiser speak Polish? Answered on July 21, 2016

Do you know fiduciary financial adwaiser who speak polish?

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Life Insurance for Children Answered on July 21, 2016

Hi Terry, Should I purchase life insurance for my children (ages 6months old & six years old)…

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Online bank CD’s Answered on July 21, 2016

There are a few online banks offering 2% but online banks seem so intangible, as long the bank is…

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Life Insurance Post Cancer Surgery Answered on July 21, 2016

Hello Terry, I am 58 years old and a 2 year cancer survivor – I had my prostate removed. My Gleason…

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Money receved from Annuity after divorce. Answered on July 21, 2016

What do I need to do with the money. I don’t want to lose it to taxes. I am 61 yrs old, Retired and…

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bond funds Answered on July 21, 2016

I am 62 yo, still working, at least for another 2-1/2 years. My 403B is with American funds with no…

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Link to Terry’s Personal Financial Organizer Answered on July 20, 2016

I signed up for your newsletter, but didn’t receive the link to your “Personal Financial Organizer.”…

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budgeting after divorce Answered on July 19, 2016

My ex-husband , who is an accountant, recently divorced me after 30 years of marriage. I trusted him…

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Going downhill fast! Answered on July 19, 2016

My husband and I are 74 and 77….he has Alzheimer’s. We have both worked all of our lives but due…

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Safe haven for cash Answered on July 13, 2016

Hi Terry, as of right now I am heavily invested in stocks and mutual funds. Where would you say is a…

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Best Options to Rollover Pension Funds Answered on July 12, 2016

I am 58 years old recently retired from employment and requested my retirement pension in a lump sum…

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financial Answered on July 11, 2016

I am an 80 yr. old woman that worked and saved all my life. I don’t trust anyone with my money…

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Aspirity Holdings? Answered on July 11, 2016

Are you familiar with this company, and if so, your opinion please. Thanks in advance…

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Closing Fees & Attorneys Answered on July 11, 2016

I just received and accepted an offer on my single family home. I have 4 days to find an attorney to…

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Health care charges Answered on July 3, 2016

Can you assist my effort to have health care providers limited in their charges to uninsured or…

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pension investment being forced early Answered on July 3, 2016

Greetings! One of our retirement pieces that we had no intention of touching until age 65, is a…

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Gold and silver now? Answered on July 2, 2016

Is it a good time to invest in gold and silver?

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RMD Calculations on annuities in IRA Answered on July 1, 2016

  After I left my employer, I used money from a 401(k) and purchased IRA Annuities. I have not…

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Reverse mortgage for Mom? Answered on July 1, 2016

My mom is 76, and she is running out of money. She feels like she needs to sell her house. The house…

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US Savings Bond Re Deceased Beneficiary Answered on July 1, 2016

Upon my death (owner of bond), who will get the value of my US Bonds since my husband (beneficiary)…

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Re: 401K investment Answered on June 25, 2016

Sorry I did not give enough info before I am 71 years old — 3 years retired Approximately $190K has…

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Credit Cards Answered on June 24, 2016

My question is whether I should obtain another credit card. I presently have a credit card that I…

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BREXIT UPDATE Answered on June 24, 2016

What does this mean to your investments? Terry’s thoughts before the market open. And midday update!

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Debt Consolidation Answered on June 23, 2016

Hi Terry! I am new to the working world after many years in graduate school and need to start paying…

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Home Equity Line of Credit or Mortgage — pay which first? Answered on June 23, 2016

Hi Terry, We owe 100,000 on our home. We just took a variable rate {4.24%}Home equity line of credit…

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A Reader Responds: Bank regulations (Chicago Tribune June 20th) Answered on June 23, 2016

You are among the most-respected money oracles in the business, and here, you are just pointing to…

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Roth IRAs vs 40l(k) Answered on June 23, 2016

Hi, Terry– I recently learned that I should not be putting money into two Roth IRAs monthly as I’ve…

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Credit Card Debt, balance transfers Answered on June 23, 2016

Hello Terry, I think you are Great, why didn’t we grow up on the same block ! I have found myself in…

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Betterment LLC Answered on June 22, 2016

At the end of the life expectancy calculator at Livingto100.com (mentioned in your recent column), I…

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Heloc — wait to repay or now? Answered on June 21, 2016

My heloc matures in February 2020 and I have a balance of $10,200.00. I understand rates are going…

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Life after bankruptcy Answered on June 21, 2016

Hi Terry, I’m wondering if I need life insurance. Many years ago, I let my policy lapse because I…

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Reverse mortgage impact on senior med program? Answered on June 21, 2016

We own our home. Have no debts. Payoff our charge cards monthly. Our only income is Social Security.

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FICO score different on various sites Answered on June 20, 2016

My FICO score on my Discover statement is 589 and on credit karma it is 637 and 644. Why are they…

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mutual fund fees & disclosures Answered on June 20, 2016

This morning on WGN you mentioned FeeX.com to look up how much you are paying for mutual fund fees.

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Underwater home — can’t keep up with mortgage! Answered on June 20, 2016

Hi terry…. My husband and I inherited a home about 2 yrs ago … We’ve taken out personal loans to…

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Investing for a grandchild other than 529. Answered on June 20, 2016

I inherited a small amount of money and want to invest some of it for my only grandchild. She is 3.

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Savings Bonds to cash Answered on June 20, 2016

Our grandson graduates next week, bonds we have (12 each yr) from 1998 to 2005, approximate value.

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Retired, Paying off debts Answered on June 19, 2016

Hi Terry. I am a retired firefighter. My wife is employed and has her own retirement plan. I want…

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My daughter is marrying a bankrupt man! Answered on June 19, 2016

my daughter has good credit and has a good condo on her own she plans to marry someone soon who has…

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grad gift of stock Answered on June 18, 2016

What stocks would you suggest this month as a graduation gift?

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finding a retirement planner Answered on June 18, 2016

I read your comments about choosing a financial planner but in addition, I am wondering if there is…

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Refinancing student loan Answered on June 18, 2016

Hi Terry, my daughter is trying to refinance her student loans from law school. She has asked two…

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Reader responds to June 12 – Parents’ dilemna-buy sell or rent Answered on June 17, 2016

For the writer whose father cant’ seem to make a decision on how to split time between 2 locations…

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Paying off credit cards as retiree Answered on June 17, 2016

I have $15000 in credit card debt, paying $300 a month min. payment to them. Should I try to borrow…

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variable annuity in retirement account? Answered on June 17, 2016

HI Thank you for your great information Can you educate me on variable annuity ? I took out my 401k…

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parents dilemna –buy ,sell or rent Answered on June 12, 2016

hi-I am hopeful to have a reasoned answer to this perplexing issue– My parents are 80 and have a…

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Investments for retirement Answered on June 12, 2016

I am retired at 60 years old with a yearly income of $20,000.00. I am considering liquidating all…

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Gold Prices Answered on June 12, 2016

Saw the newspaper article entitled “Gold prices are on the rise,” a few weeks ago. The article was…

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At my death. . . Answered on June 7, 2016

I am 64, have no real property nor investments & collect $662/monthe SSI. I have never married…

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consolidating credit cards Answered on June 6, 2016

I need to consolidate a few credit cards….who can i contact?

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Purchase Retirement Home Before Retirement Answered on June 5, 2016

My husband and I are in our mid 50’s and both working but plan to retire in our mid 60’s. We own a…

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5% Returns on Bridge Loans Answered on June 5, 2016

Just saw a TV commerical about a guaranteed 5% return with no risk. It was from Wally Mackey…

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Safety of recommed sites /SavindsBonds.com Answered on June 5, 2016

I entered all the info on me EE bonds in Saving Bonds.com including my name,email,address. They said…

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How to build up low retirement at 61 Answered on June 5, 2016

Hi, Terry! I am a single woman of 61 earning just $43000 per year working two jobs. My main…

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short term disability Answered on June 5, 2016

I received my short term disability CHECK it was 216 i been out of work since April 8 when will i…

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RMD Answered on June 5, 2016

I didn’t realize it was mandatory to take money out of my 401k plan at 71 1/2. Now, I find out, at…

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IRA with drawl to purchase my son first house who is currently unemployed Answered on June 5, 2016

I am 62 years old and I would like to withdraw $100,000 to buy my son his first home. Is there…

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CD for house proceeds from estate? Answered on June 4, 2016

My mom died recently and I hope her house will sell soon. A neighborhood bank has an 18 month CD…

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Paying for college for my daughter Answered on June 4, 2016

Terry I have payed for my daughters first year college with the college of Illinois fund. I saved…

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Vanguard High-Yield Corporate Fund Answered on June 4, 2016

Dear Ms. Savage, I read your columns with great interest in the “ Sun Sentinel” and recently you…

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In ref to that answer about student loan debt ruining credit of married woman Answered on June 4, 2016

In reference to the above topic, if the woman would have initially filed her own tax return (so both…

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Early 20’s Need Retirement Plan Investing advice Answered on June 3, 2016

Hello Terry, I writing because I’m lost and don’t know what to-do. I just enrolled in my employers…

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insurance coverage for students up to the age of 26 Answered on June 3, 2016

hi Terry, I listen to you all the time on WGN. Today, (the 25th) I heard you talking about insurance…

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Should I pay off my mortgage? Answered on June 3, 2016

Hi Terry, I have followed you for years — ever since you spoke at our Merck event in Cancun, Mexico…

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executor and funds from inheritance Answered on June 3, 2016

Have you written any articles regarding being executor for an estate that contains both qualified…

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Health Insurance Answered on June 3, 2016

My son is an expat living/working in China and while he has limited health coverage through his…

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FeeX.com — Why so much info required? Answered on June 2, 2016

I just saw you on WGN discussing Feex.com. I visited the site and was surprised at the level of…

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FEEX.COM safety of information Answered on June 2, 2016

You recomend the use of FEEX.COM to check for actual cost of fees. Has this site been thoroughly…

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Reducing Income and effect on social security benefit Answered on June 2, 2016

Terry, I am working in the corporate world making a comfortable salary. I am 58 years old so I am 8…

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Investments at age 80 Answered on June 2, 2016

Should a 77-80 yrs old continue to buy properties like condo or another house for investments ? At…

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consolidation loans Answered on June 2, 2016

Hi Terry, My husband and I are 52 and 53 years old. we have been working really hard to pay off our…

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Withdraw from IRA now — or save for daughter. Answered on June 2, 2016

At 75 are taxes less or more on closing my IRA;s vs. my daughter inheriting and paying taxes? Tax…

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College Funds 529 Answered on May 15, 2016

As grandparents, we have invested in the Oppenheimer Bright Start 529 funds for our six…

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Finding Financial advisor Answered on May 15, 2016

Hi Terry, I just sold my business and retired. I want to find a financial advisor to formulate the…

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Mortgage Notes Yield 6-7% — A scam? Answered on May 15, 2016

What is your opinion on First Position Commercial Mortgage Notes that pay 6-7% interest income ?

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Concealed Student Loan Debt ruins Credit in Marriage Answered on May 8, 2016

Hi Terry, My daughter was married last year. She was in good financial shape until then. Apparently…

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Reverse Mortgages Answered on May 8, 2016

I am considering a reverse mortgage. In general, what do you think of them and do you have any…

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Canceling credit cards Answered on May 8, 2016

Hi Terry I am finally at the point that I have paid off all my credit cards However I have way too…

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Refinancing Home after Modification Answered on May 7, 2016

Good Morning, I live in Wisconsin, my home is located in California, I Purchased through a FHA loan…

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Buying gold proof coins Answered on May 5, 2016

Terry, what do you think about buying proof quality silver and gold coins from the U.S. Mint?

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Buying individual stocks for young investors Answered on May 5, 2016

What is the program that allows investors, especially young people, to purchase individual stocks in…

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Payoff home or Invest for Retirement? Answered on May 5, 2016

Hi Terry .I owe$220,000 on my house .I am 56 years old ,my wife is 59. we probably will not be…

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Annuities Answered on May 5, 2016

Through circumstances beyond my control, I have limited funds at the age of 75. And find myself…

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QLACS Answered on May 3, 2016

what do you think of QLACS?

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Annuities Answered on May 2, 2016

Are annuities a good idea and if so which types? We are discussing the possibility with our Fidelity…

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Roth IRA Answered on May 2, 2016

Hi Terry Here is my question…. I’m 59 years old and I have $6,500.00 to invest. Do I add it to my…

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Real Estate Income Fund Answered on May 1, 2016

Hi Terry, I’ve started looking at this fund “Secured Real Estate Income Fund” that was mentioned on…

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Can I sue the appraiser? Answered on May 1, 2016

Ms.Savage, Is it possible to take an appraiser to small claims court based on the lies stated in the…

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Need cash — where to take it from Answered on April 30, 2016

Need $15,000.00 should I take out of my investments (about 150,000) or consider a reverse mortgage?

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Life Insurance running out! Answered on April 30, 2016

My wife and I purchased Life Insurance when we were in our early 30s and we are 63. We recently had…

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paying off mortgage or saving in bank Answered on April 30, 2016

my husband and I are in late 60’s with approximately $80K owed on mortgage. He is planning on…

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Reverse Loan Mortgage Answered on April 30, 2016

What are the pros and cons of taking a reverse loan mortgage?

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Buy bonds now? Contribute to 457 plan? Answered on April 30, 2016

Terry, Is this a good time to invest in short term Bonds,if so how do I go about picking a Bond? I…

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Gifting money Answered on April 20, 2016

Hi Terry, I am the person who asked you a question about giving my son a gift of about $50,000 to…

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Mortgages for Seniors Answered on April 20, 2016

Terry: We are retired (63/60) with a healthy portfolio of assets ($2.7mm), but modest income…

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Student Loans Answered on April 20, 2016

Hi Terry, I have recently decided to go back to school to pursue a new career. As excited as I am,…

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Home equity line of credit Answered on April 19, 2016

My wife and I have a new home I may want to put another room in the basement is this a good thing…

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Finding a Certified Financial Planner Answered on April 18, 2016

My husband and I are in our mid-50’s. We have saved and invested for years and want to have a CFP…

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Where to get Credit SCORE? Answered on April 18, 2016

You always say the best source to check your credit report is AnnualCreditReport.com, but it’s…

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Equity loan denied for co-signing student loan Answered on April 18, 2016

I apply for a home equity loan line of credit they denied me because u cosigner for my kids students…

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student debt Answered on April 18, 2016

I am a grandmother attempting to help out with my grandson’s student debt. He owes $20,096.72 @6.8%…

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Starting investing at 40. Answered on April 17, 2016

I am almost 41 years old. I bought a condo a few years ago. I don’t have more than 5K in savings but…

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IRA investment Answered on April 17, 2016

What kind of funds at age 70 should an IRA be invested in?

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How to protect myself when going downtown and be able to protect my wallet or credit cards? Answered on April 17, 2016

when going down town or any where and be able to protect my wallet or credit cards, etc what do you…

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DOUBLE MONTHLY PAYMENT TO SHORTEN PAYOFF PERIOD Answered on April 16, 2016

HOW SOON CAN I PAYOFF MY MORTGAGE IF I DOUBLE MY MONTHLY AMORTIZATION? WHAT ARRANGEMENT DO I HAVE TO…

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refinance my home Answered on April 15, 2016

listening to WGN morning news TV, was getting ready for work & caught part of your refinancing…

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Gifting money for down payment Answered on April 15, 2016

I would like to give a gift of cash for a down payment for a house to my son. Around 50,000 to…

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refinance in retirement Answered on April 15, 2016

I will be 63 this year and I still owe $157,820.22 for mortgage (not pay off amount) at 4.00% still…

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401K withdrawal vs. personal loan Answered on April 15, 2016

Hello, I am a 30 year old. I am quitting my job to go back to a trade school to become a web…

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(MAP) Managed Allocation Portfolios/fees Answered on April 15, 2016

We are retired for several years. We have been with this financial group for 20+ years. A few years…

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Wills — Can I do it Myself Online? Answered on April 4, 2016

what secure site can I go to print out my will? will it be legal? Do I need to have an expensive…

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Gift tax return needed if gift is returned? Answered on April 4, 2016

Hi Terry, if ownership of an insurance policy valued at about $60K is transferred from a mother to a…

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Alternatives to a traditional bank savings account. Answered on April 4, 2016

Dear Terry: I would like to know your suggestion for transferring some of my funds, which I have in…

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ROTH IRA –minor child as beneficiary Answered on April 4, 2016

What are the rules when leaving a ROTH IRA to a minor child?

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Beneficiaries and contingent beneficiaries Answered on April 4, 2016

Terry, what is your opinion regarding POD’s or TOD’s (pay or transfer upon death) accounts? I think…

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social securitydeal Answered on March 31, 2016

My wife is 68 collects 1300/month I am 64 I collect 1700/month from social security ,are we able use…

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File and suspend. Answered on March 30, 2016

I just heard you discussing this with Steve Bertrend on WGN radio. I read your article a few times…

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W-9 to fill out for beneficiary for my mom’s annunity benefits Answered on March 30, 2016

What box do I check for Line 3 on a W-9 form. I have to fill this out and turn it into my mom’s John…

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Series EE paper U.S. Savings Bonds Answered on March 30, 2016

I have 15 $100 Series EE U.S. Savings Bonds issued in 1995. My SSN is on the bonds. My name is…

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Property tax exemptions while in rehab care outside the home Answered on March 30, 2016

If my parent does not occupy the home due to disability or care need at this time or any time during…

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Annuity purchase Answered on March 30, 2016

Terry, I hear all these financial people saying that an annuity purchased through a Broker can be…

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Why are trade deals good for America? Answered on March 29, 2016

I am wondering if you could explain why international trade pacts are a good thing for the American…

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Euro – US Dollar Answered on March 29, 2016

In Last 5 or 6 years 0. 88 – 0.90 Euro buys 1.00 USD I do not see how Euro has fallen against US…

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safe IRA investment for 90 year old Answered on March 28, 2016

Hi Terry, When my mother turns 90 next year her variable annuity IRA will annuitize. We would like…

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FIA Answered on March 28, 2016

Recently an advisor was indicating that we should invest in an FIA. I am a few years away from…

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Column on 401(k) Borrowing Answered on March 28, 2016

Good Morning….Being a lifelong Chicago resident I have always enjoyed your sage advice on…

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Tax on Social Security benefits? Answered on March 28, 2016

I am a 78 year old woman, fully employed, receiving widow’s pension from social security. Are my…

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Drawing out money from a fixed annuity Answered on March 28, 2016

I can draw out 10 percent of the annuity yearly or 20 percent for the first time on a withdrawal. I…

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Retirement Pension Answered on March 28, 2016

I am 54 yo and retired. My husband passed away and his death benefits support me. When I turn 55 I…

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Retirement investment advice Answered on March 28, 2016

HI Terry, I am planning to retire at the end of this year when I will be 68 yrs. old and, if needed,…

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Long Term Care Insurance Answered on March 28, 2016

My husband in his mid 80s has a long term care policy that he has had since 2007. In retrospect,…

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Taxes and other financial implications of renting my condo in Chicago Answered on March 27, 2016

Hi Terry! I’m thinking of renting out my condo in Chicago. I was wondering about the tax…

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medicaid nursing home care and cash-value life insurance Answered on March 27, 2016

I live in Michigan, am 82 years old and my husband passed away a year ago. I have a question on a…

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Include car payment into mortgage? Answered on March 27, 2016

Hi Terry I was caught in the housing market crash of 2008 & had to file bankruptcy to save my…

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457 Retirement Plan Answered on March 27, 2016

My daughter, in her 20s, just got hired as a police officer and is offered a 457 deferred…

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roth ira for child who is jobless Answered on March 27, 2016

Can a parent set up a Roth IRA for an adult child who is jobless?

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plus loans refinancing Answered on March 23, 2016

I listened to you today on WGN. You mentioned a sight where I could find information on refinancing…

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Tax and penalty consequences of cashing in EE Savings Bonds several years after their full maturity date. Answered on March 22, 2016

Terry, I enjoyed your informative article dated 11-22-15 re “…cashing in savings bonds.” In…

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Chicken Money Answered on March 21, 2016

After a lifetime of saving, I have $300,000 in ”chicken money,” other investments, and a pension.

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transferring credit card debt to a 0% credit card. Answered on March 21, 2016

Cannot remember which card you suggested to transfer existing debt and pay off in one year. Also,…

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401K annuities? Answered on March 21, 2016

Hello Terry, Read your book several years ago and followed your column back in Chicago when i was…

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social security — file and suspend? Answered on March 21, 2016

I was born 6/1950. My husband was born 8/1947. He is presently working and not taking social…

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Passing on financial assets in a Will Answered on March 20, 2016

My wife and I, both in our late 60’s, have built a retirement nest egg, not huge, but comfortable.

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lifr insurance loan Answered on March 20, 2016

I owe a mortgage on the home I presently live in. I want to buy another home and to pay for it with…

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Refinance to 15 year? Answered on March 20, 2016

We just refinanced our home with a 30 year 2.99% rate. We owe $227,000.00. Our payment is $1700, but…

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what to do with a 65k inheritance? Answered on March 20, 2016

We are retired( 69 & 71) living ok on social security. We are inheriting 65k. We have no debt.

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what to do with idle cash Answered on March 20, 2016

I have cash which I will not be using for a long time. What do I do to make it grow?

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LONG TERM CARE INSURANCE — really? Answered on March 12, 2016

My wife (66) and myself (72) do not have LTC insurance as we have always thought it better to save…

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