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.
Stock Market Surprise?
A sneaky market decline set the stage for a volatile week. But those looking behind the headline new highs posted in recent weeks aren’t surprised. I write this as the market has opened down 700+ points, and media are calling for an opinion, or perhaps reassurance! By the time you read this the market may..
Social Security Timing
Once upon a time – our parents’ time --Social Security was automatic: You reached age 65 and started collecting your monthly check. Today, dealing with Social Security involves making important decisions that will impact your income for the rest of your life. When to Take Social Security Benefits The most important choice you will make..
Target Date Fund Warning
Are you one of the millions of Americans who have invested some of their 401(k) plan money in target date funds? If so, perhaps you should take a closer look at what is inside the fund. That’s the conclusion of Ron Surz, a pension consultant and long-time critic of these funds, because of the risks..
IRS Update: Refunds, Stimulus, Child Credit
The IRS has been the busiest agency of government for the past 18 months. To say the agency is multi-tasking is an understatement. They’ve just about finished sending out refunds on 2019 tax refunds on returns filed last July. They sent out $600 stimulus payments in January, and $1400 stimulus payments are still going out..
Bitcoin Basics
Have you heard of Bitcoin? Probably, you’ve at least seen new headlines about the soaring price of this cryptocurrency. Don’t feel left out because you aren’t already on the crypto bandwagon. More than half of Americans who own cryptocurrencies have purchased them in the past year, according to a survey by The Motley Fool. And..
When Forbearance Ends
The extended period of mortgage forbearance is scheduled to end on June 30th. If you've been helped by this program, you should be preparing for what comes next. And you need to be proactive to make a plan with your servicing company -- and to avoid a financial crisis. A new mortgage finance rip-off is..
