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.
Student Loan Forgiveness for Public Service
The issue of student loans is bubbling away on the back burners of Congress. Forbearance authorized by the Cares Act is scheduled to end on September 30th, at which point borrowers will have to start making regular payments again. Since the start of forbearance, nearly 42% of borrowers have not made any monthly payments. Many..
Child Tax Credit – The Facts
More money is on the way to millions of American families with children. Here is the basic information you should know about it. The Child Tax credit is not new this year. It was introduced in 1998 to give families with children a payment of $400 for each child. Over the years that number grew,..
Taxing Matters
Did Bill and Melinda Gates decide to get divorced now because of potential changes in the tax law? That’s the speculation in the wealth management community, where many advisers are discussing proposed changes in the tax laws with their clients. The Gates family fortune is primarily tied up in their foundation and will continue to..
Where’s Inflation?
The latest economic numbers reflect strong growth, but no headline inflation. The Fed can’t find enough inflation to worry about. The gold market, which traditionally rises as a hedge against inflation, can’t seem to find inflation either. So, why worry about inflation? Well, maybe we’re not looking for inflation in the right places. We tend..
Caregiving Costs Add Up
The pandemic has revealed some uncomfortable truths about aging. Social realities have a new perspective. And financial costs are suddenly more apparent – both to those growing older and those who might become their caregivers. The pandemic has awakened all generations to the perils of isolation – for themselves as well as their parents or..
Don’t Cash that Check!
The Federal government is in the process of sending out nearly $300 billion in stimulus payments of $1400 each to qualifying recipients. And soon they will start sending $250 per month -- per child -- to low income families for the new $3,000 annual child care credit. Also, many people who do not pay taxes..
