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Terry Savage’s Archives

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

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Gold, Again?

January 09, 2019

Is this the time to hedge your financial bets and buy gold? It’s always important to have some price perspective. As of this writing, gold is trading at $1,291 per ounce, far below its all-time high of $2,000 per ounce made in the late summer of 2011. In the past year, the price of gold..

Starting Over in the New Year

January 02, 2019

Don’t look back! If the calendar can start over, so can you. In every aspect of life — but particularly our financial lives — if we keep looking backward we will find ourselves headed in the wrong direction. What will you do differently in the year ahead when it comes to money management? Here are..

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..



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