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Terry Savage’s Archives

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

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

Beware New “Best Interests” Standard

June 12, 2019

The SEC has just passed a new regulation called the “best interest standard.” The title of the rule — and the public self-congratulations — are designed to reassure investors that all brokers are suddenly required to put their clients’ interests ahead of their own. In reality, nothing could be farther from the truth! The new..

The Long Run?

June 03, 2019

People buy lottery tickets with astronomical odds against winning.  (I must confess, I do that myself when the jackpot is huge.)  After all, it’s a cheap price for a few hours of fantasy.  But that’s not how you should approach your retirement investments.  Investing requires a long-run perspective. Overall, the stock market has always, in..

Five Tips for College Grads

May 28, 2019

If you have a child graduating college this spring, it’s quite an accomplishment — not only for them, but for you as a parent. When that baby was born so long ago, surely you gave a bit of thought to how you would be able to raise the child with values, keep your baby safe..

A Lonely Problem

May 22, 2019

The baby boom generation is getting a new name: The Loneliest Generation. About one in 11 Americans age 50 and older lacks a spouse, partner or living child, according to a recent report in the Wall Street Journal. “That amounts to about 8 million people in the U.S. without close kin,” the Journal reported, “and..

Student Loan Rates Drop — Still Not Great Deal

May 15, 2019

There’s a bit of good news for those taking out student loans for the 2019-2020 school year, which begins this fall.  Rates on new student loans will fall about a half of one percent to 4.53 percent on the most popular Stafford undergrad loans. The rates are set each spring, based on the 10-year Treasury..

Inheriting an IRA

May 08, 2019

As America ages, it’s likely that more people will inherit  substantial Individual Retirement Accounts.  What you do next will make a big difference in your own financial future.  Yet, few people leave instructions for their named beneficiaries about the best course of action. Fortunately, there are financial planners who are trained  IRA experts, taught by..

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