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.
Stock Market Predictions
The tenth anniversary year of this bull market got off to a great start in 2019. After posting the largest one-day point decline in history on Christmas Eve, January proved the Grinch did not steal the stock market. At the end of the first two months this year, the S&P 500 stock index gained 17.5..
529 Plan Costs Compare
Are you paying too much for your 529 college savings plan? If you’ve bought through a broker or adviser, the answer is almost certainly yes. Every state has a “direct-sold” plan that you can access through a website, without paying any commissions, so it has always mystified me why some parents and grandparents pay extra..
Home Ownership — The Comeback of a Dream
Home buying has been out of favor since the mortgage crisis of 2008-2009. That’s when everyone learned the dangers of being overextended with mortgage debt — and with credit card debt used to furnish a house and maintain a lifestyle. By 2016, the U.S. homeownership rate had sunk to 62.9 percent — a level not..
Dealing with the Debt Epidemic
Too many Americans are living on the edge, burdened with debt that grows like a cancer and made vulnerable by a lack of savings to deal with emergencies. And this sad situation coincides with the longest period of economic recovery — starting in June 2009 — in postwar history. Unemployment is near record lows and..
Dealing with Student Loan Debt
The $1.5 trillion dollar student loan burden weighs heavily on graduates, their parents and the economy. Here are some resources to help you deal with this debt starting immediately after graduation and before you go into default. Remember, there is no way to escape student loan debt! The place to start your search for information..
Employers Help Pay Student Loans
The best new benefit that companies are offering employees is help in paying down their student loans. It’s a growing trend among employers seeking to attract and keep talented young workers. Many firms will pay $100 a month, or more, directly to the student loan servicing company if the employee is also making regular payments...
