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.
Money News Update 6/24/20
IRS says RMDs Can Be Returned If you took a Required Minimum Distribution at any time during 2020 – or even regular distributions on a monthly basis, you may return them to your IRA without penalty if you act by August 31st. Of course, the IRS announced in April that NO RMDs would be required..
Long Term Care Insurance — Act Now!
One of the most tragic aspects of the coronavirus pandemic is that as of June 3, 42% of all COVID-19 deaths in the U.S. have come from nursing homes or assisted-living facilities. The statistics reinforce every senior’s desire to remain at home in his or her final years, which is only possible if you have..
Stock Market — A Second Chance?
The stock market has retraced practically all of its losses. If you gritted your teeth and rode it out, you have a right to feel smug. Or, at least, relieved. If you panicked and sold near the bottom, you’re likely kicking yourself with remorse. But now, you get a second chance to revisit your investment..
A New Look at Retirement Planning
The recent economic, financial and social changes in our country have impacted not only our investments and financial planning but our entire view of the future as well. From a personal finance perspective, the current job losses will make it more difficult for many to retire on schedule, send children to college and make mortgage..
Markets & Money Update 6/3
As the stock market steams ahead today, the disconnect between our social and economic problems looms larger. Clearly, the economic recovery has been set back by the civil unrest that has destroyed so many business districts around the country. (No social commentary here -- just the economic facts.) And the sad fact is that many..
IRA Updates
It’s safe to open your eyes now, and time to take a peek at your IRA. Whether you’re still contributing or thinking about withdrawals, there are some changes to the rules and some opportunities for planning. RMDs As part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you won’t have to take a..
