Ask Terry Archives

We are looking to invest in something that gives us some kind of decent return. we are retired, have no debt and live beneath our means. Could you explain T Bills and how we can get involved? If there is another relatively safe investment please mention it in your response?

I received a worker compensation settlement. Can you explain what and where would I best put this money.

I have a 9 year old child and am wondering when we should start giving her an allowance. Should it be tied to doing chores? Should we require her to save/spend/donate it? How much is appropriate? There are so many opinions on this that I am overwhelmed. Any advice or resources you could recommend would…

I have one child who is a 48-year-old single mother raising my seven-year-old grandson. We have saved $250. from his birthday and Christmas money and would like to start some investment me for him. When my daughter was young I would buy savings bonds for her along with bank savings that she could watch interest…

The best place to transfer TSP(Thrift Savings Plan). I am limited to three interfund transfers a month that I sometimes missed the movement of the market.

I want to gift young adults but not in cash. What is the best way to do that.

This is a follow up for my question on 4-18 should a pay 50,000 from my savings on my morage or invest it. We (wife sill works 500$ a month clear) we have 100,000 in my deferred comp.(nationwide) have around 25,000 in ira and 10,000 in a roth and would leave us another 50,000 in…

I recently found 2 shares of AT&T stock issued to my mother in 1964. How do I find out if they are worth anything?

Who is a good choice to help with balancing financial plans? An investment company or someone at a bank? This is for someone who is 33. Thank you

Terry, My husband and I were not aware that we were eligible for a Tax Freeze for 2017, and have already paid the first installment. Can we request a refund if we're found to be eligible for the 2nd installment? Thank you for your help.

I looked up on the guided tour of TreasuryDirect.gov of how to open an account. Every account I have is in a revocable trust with my name as trustee. It seems there is not that option to set up an account?

web site for college grants

Hi, my son is 30 yrs old, single, good job with a checking account of $46,000 and increasing. Looking for what he could invest a good chunk of this money into. Thanks for any help you can give me.

My husband and I have about $240,000 worth of debt between our mortgage, car payments, and a couple high interest credit cards. We make all our monthly payments. With money left from our salary it's possible to be able to save $1000 a month. We don't have an large emergency fund. Should we apply that…

Dear Ms. Savage, I hav seen your segments on WGN many mornings and I thought I would reach out with a question. I just received my property tax assessment notice - and my assessed value went up dramatically - like a 30% increase in one year! As I would love for the numbers in there…

Ms. Savage: I watch you on channel 9 and I am always impressed so before I invest I would appreciate your opinion. Merrill Edge inside Bank of America is offering me a CD which I can take for 6 months or a year at 2% interest. They are saying it is FDIC insured. Is this…

Why not keep it in a safety deposit box if my children know where the key is hidden?

How do I set up a Treasury (short term) ladder for staggering maturities. Pls give an example. Also, if the interest rate is 2% for example, is this for one year? If I purchase a 6 month Treasury Bill, will my interest be half of that, or 1%?

We have $50,000 in parent's plus loan (recently refi to SOFI) per you suggestion. We are selling our house and plan to pay off the plus loan with the proceeds. Is this feasable or do you have to use the proceeds to invest in another house? Thanks

I just transferred my IRA (~45,000) to a bank giving interest increases yearly. First year 2%, then 2-1/2, 3 and 3-1/2 on the 4th year. Penalty is 6 month's interest if closed. I can take money out on the anniversary date each year. I'm 76 and know this is a long commitment. I'm widowed and…