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.
Stocks for the Long Run!
As the stock market makes new highs and headlines, the pundits continue to debate which stocks will outperform. And how high could the stock market go? Or will a bear market wipe out all recent gains? You’ll get wide disagreement among market professionals on these issues. Even worse, some people now think the stock market..
IRS/Treasury Update on EIP#3 and Tax Deduction for $10,200
The Treasury Department and IRS held a media call on Monday afternoon, updating information on tax issues related to the American Rescue Act, including the 3rd stimulus payment of $1400 and the tax waiver for some unemployment benefits. Here are Key Points: EIP #3 (Third Stimulus Payment) • NO action is needed by most EIP..
New Stimulus Bill Details
The new stimulus bill, The American Rescue Act, contains sweeping provisions that will impact the personal finances of millions of Americans. Here are some of the key provisions: Stimulus Payments Everyone gets a $1400 stimulus payment, subject to income limitations of $75,000 on a single return and $150,000 on a joint return. (Above that level..
Bond Market Rebellion
While all eyes are focused on the rising stock market, the bond market is staging a quiet rebellion. Interest rates are rising inexorably, despite pronouncements from Fed Chairman Powell that there is no inflation in sight, at least for the next three years. Still, bond buyers are demanding slightly higher interest rates, especially when it..
College Money Negotiations
If you’re the parent of a student headed off to college in the fall (hopefully not virtually), you are about to make some big money decisions about how to pay for college — and whether the cost is worth the ultimate price. The good news is that because of COVID-19, the balance of power has..
Identity Theft — What To Do!
It makes sense to assume your identity has -- or will be -- stolen! Ever since the Equifax breach two years ago, the "dark web" has the names, birth dates, addresses, and Social Security numbers of millions of Americans! Now, that information is being used to scam states out of unemployment benefits. And you may..
