/ Terry’s Columns

Terry Savage’s Archives

Below you will find the columns terry has written by date.

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Roth IRA Builds Your Fortune

July 10, 2018

Twenty years ago the Roth IRA was born, as a product of the Taxpayer Relief Act of 1997. Unlike traditional IRAs, you don’t get a tax deduction for your contribution to a Roth IRA. But all the money in the account, including gains, can be withdrawn tax-free at retirement. (And unlike traditional IRAs, there is..

VA Mortgages — A Patriotic Good Deal for Vets

July 04, 2018

The patriotic glow of the July Fourth celebration is a time to appreciate our very special country. But there’s an even longer-lasting way to honor our military veterans. A VA mortgage loan is a special deal for anyone who has served in our armed forces – whether it’s used for a new home purchase, a..

Big Money in eSports

June 30, 2018

While much of the sporting world is focused on World Cup soccer and staying updated on ESPN, there's an entirely different sporting world of eSports estimated to generate $1.5 billion in global revenues this year -- and growing at a 22 percent annual pace. Devotees of eSports are tuned in to an online channel, www.GamerWorldNews.com,..

Running Out of Time on Debt

June 12, 2018

Shhh … don’t tell anyone: We can’t repay our debt! Also, the emperor has no clothes. It’s the same story: Everyone knows it, and no one is willing to say it. But the United States is awash in debt that can’t possibly be repaid. Perhaps a spurt of economic growth could put a dent in..

Fund Fees Cost Your Fortune

June 05, 2018

Your financial adviser may make as much money from your retirement account as you do!  That’s what happens when advisers put you into mutual funds that perform well, but charge excessive fees along the way.  Those fees can add up – especially when you consider the “opportunity cost” of what the money could have earned..

Diamonds are Forever — So Buy Carefully

May 29, 2018

Perhaps it’s the afterglow of the royal wedding, or maybe because June is the season for brides. But our attention has turned to diamonds. Meghan Markle’s engagement ring famously has two smaller side diamonds that came from Princess Diana and a center 3-plus carat diamond that was “ethically sourced from Botswana.” Assuming the center stone..



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