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Terry Savage’s Archives

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

PAGE 3 of 32

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

A Lonely Problem

May 22, 2019

The baby boom generation is getting a new name: The Loneliest Generation. About one in 11 Americans age 50 and older lacks a spouse, partner or living child, according to a recent report in the Wall Street Journal. “That amounts to about 8 million people in the U.S. without close kin,” the Journal reported, “and..

Student Loan Rates Drop — Still Not Great Deal

May 15, 2019

There’s a bit of good news for those taking out student loans for the 2019-2020 school year, which begins this fall.  Rates on new student loans will fall about a half of one percent to 4.53 percent on the most popular Stafford undergrad loans. The rates are set each spring, based on the 10-year Treasury..

Inheriting an IRA

May 08, 2019

As America ages, it’s likely that more people will inherit  substantial Individual Retirement Accounts.  What you do next will make a big difference in your own financial future.  Yet, few people leave instructions for their named beneficiaries about the best course of action. Fortunately, there are financial planners who are trained  IRA experts, taught by..

Congrats, Grad. Now Repay Debt

May 01, 2019

Congratulations, college grad. Your first challenge is finding a job, and perhaps a place to live. The second challenge is even more difficult: starting to repay your student loans. The time to start thinking about loan repayment is the week after graduation. At the very least, you’ll know how to start the process when your..

Social Security, Medicare Key Facts

April 24, 2019

Americans are woefully uneducated about Social Security and Medicare — and that creates some expensive mistakes. Here are a few facts you should know. —Waiting until age 70 will increase your monthly Social Security check by 76 percent over claiming benefits when they are first available at age 62. Yet nearly 40 percent of Americans..

Roth Conversions

April 16, 2019

In a recent column, I mentioned the importance of tax planning for your retirement assets. We are living in a time of relatively low historic income tax rates, and as our national debt grows and political considerations change, it’s not unlikely that tax rates will rise in the future. It’s always been the conventional wisdom..

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