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Terry Savage’s Archives

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

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Savage Truths About the Market

December 22, 2018

This is a perfect time to reflect on some Savage Truths that sadly must to be relearned in every economic and stock market cycle. —Perspective is essential to investment success. And it’s almost impossible to gain perspective in the midst of a crisis. At the top of a bull market, everyone has forgotten about previous..

Balance Transfer Cards: Denting Debt

December 17, 2018

One steep recession and 10 years later, Americans are once again buried in credit card debt. The latest Federal Reserve figures show that there is now nearly $1.3 trillion in credit card debt outstanding — surpassing the peak reached in 2008. According to CreditCards.com, the average balance owed is $5,839 per cardholder. (This is one..

Chicken Money Now!

December 10, 2018

“Chicken money” is money you can’t afford to lose. It’s that simple.  The amount of chicken money you need depends on your overall financial situation, stage in life, and risk tolerance.  Just about everyone needs some money that is not intended for ordinary spending and not part of your  investment program. Chicken money should be..

Year-End Tax Tips under New Tax Law

December 05, 2018

Thinking about income taxes is different this year because of the new tax laws. For some people, tax time will be easier and less costly. They will get a $12,000 standard deduction for an individual return or a $24,000 standard deduction on a joint return. If their charitable contributions and state income taxes and property..

Holiday Gifts for Kids – 2018

November 27, 2018

Every year at this time I write a column suggesting money smart holiday gifts for children. The goal is to find entertaining and educational gifts that won’t be broken or forgotten in a few weeks but will generate a life-long interest in and competence about the subject of money. This year’s gifts range from allowance..

Give Generously — and Wisely

November 21, 2018

Did this year fly by faster than ever? The holidays are here again. And now that we have expressed our thankfulness, we enter into the season of generosity. Despite changes in the tax code that make it less beneficial to donate to charities, this is the year to give more, not less. Almost every charitable..

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