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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.

Fighting Elder Fraud

October 12, 2019

One of the saddest statistics of aging is the growing amount of elder financial abuse.  It’s estimated that seniors lose $37 billion a year to fraud.   Even worse, seniors are often the victims of their own adult children or caregivers. As the huge baby boom generation ages, and lives longer, the opportunities for elder fraud..

Boosting Retirement Income

October 10, 2019

If retirement is on the nearby horizon, it’s time to reorganize your thinking about managing your money. Until now, you were focused on how much money you would need to retire comfortably. Now it’s time to figure out how to make your money last your lifetime. Here are some of the key factors you should..

FAFSA Time, Again

October 02, 2019

It’s FAFSA time again.   On October 1st, students and their families who are hoping for Federal student aid for the 2020-2021 college year, can file this essential form.  Procrastinators lose out, because many schools offer their pool of merit-based aid on a first-come, first-served basis.  And they look at FAFSA to get the entire financial..

Reverse Mortgage Rules

September 23, 2019

If you’re a senior looking for more income, you may have to look no farther than your own home. A reverse mortgage could be the perfect solution to the need for more income — if you plan to stay in your home for at least 10 years. You can withdraw either a lump sum or..

The Fed and Interest Rates

September 11, 2019

The entire world is holding its collective breath, waiting to see what the Federal Reserve will do about possibly cutting interest rates at its next meeting on September 17 and 18. But as of this writing, the global bond markets are pricing in a cut of 50 “basis points” — or one-half of a percentage..

Social Security Decision

September 04, 2019

The decision about exactly when to claim your Social Security benefits is roiling households of baby boomers across the nation, as they are faced with making a choice that will have lifetime implications. Ever since the full retirement age (FRA) has gradually increased from the traditional 65 to the current 66 years and 2 months..



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