Terry Savage’s Archives
Below you will find the columns terry has written by date.
Below you will find the columns terry has written by date.
IRA Updates
It’s safe to open your eyes now, and time to take a peek at your IRA. Whether you’re still contributing or thinking about withdrawals, there are some changes to the rules and some opportunities for planning. RMDs As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you won’t have to take a..
Power Play: Fed & Government
Who can do the most to help the economy recover: the Federal Reserve or Congress? Ironically, the economic question may be dominated by science. A vaccine to combat COVID-19 could do more to solve our financial problems than anything the Washington powers can create. A vaccine would not only be a health solution in the..
Unemployment Soars, Stocks Rise?
How is it possible that unemployment is soaring, GDP is crashing, major retailers are going bankrupt, the word Depression is used regularly, a pandemic still rages -- and yet the stock market is making headlines on the UPSIDE? The glib answer is that the economy is re-opening and the market is looking ahead, past the..
College Decisions and Coronavirus
For the first time in memory, students have the upper hand in college admissions – but only if they have enough money to play that hand. It’s no secret that as the traditional May 1 deadline for confirming attendance and posting deposits is being extended. Colleges have grown more concerned about two key problems: how..
Dealing with Debt & Bills Now
As the coronavirus lockdown wears on, the bills are becoming more frightening. Many people are still waiting for unemployment or stimulus checks to arrive. Others are dealing with cuts in work hours or commissions or tips, resulting in lower income. Here are some ideas on how to prioritize paying those bills. —Student loans: Federal student..
Monday, April 27th Update
PATIENCE IS REQUIRED! The first round of payments went primarily to taxpayers who had included direct deposit information on their 2019 (or 2018) returns. Yet, quite a few of you received paper checks in the mail. Now the IRS is making a second large sweep in coming days, which is expected to send benefits to..
