Ask Terry Archives

Hi Terry, I'm in my 50's and I have some cash in my 401 but nearly not enough to retire on. How can I give it a boost as far as my allocations go and other things I may possibly save too? I don't feel like I'm being as aggressive as I could be. Any…

Could the Equifax breach harm my checking and saving accounts? How can I protect them?

Hi Terry, loved you for years! I left an employer that I worked for seven years and I left my pension there (401k I moved). What is your advice? Leave it, move it? Where to? It's worth about $40,000. Thanks so much!

what is the site or howto do a checkup on whole life policies policies?

I am in the process of purchasing a new car. I will need to finance a portion of the total cost. What happens if I put a freeze on my credit? I want to be protected from identity theft, but will a credit freeze affect me when applying for an auto loan?

Hi Terry I met with a financial advisor today She's from Wintrust. She recommends that i roll over my employer 403k into a ira and invest in bonds. i am retiring end of october 2017 I will be 65 in november 2017. I can't handle my job any longer. What can you tell me about…

Should I consider using LifeLock? If so should I hit my credit freeze before or after signing up for LifeLock? Thank you very much

I'm 58 and retired. I have money to invest but don't want risk exposure to a roller coaster market. I cannot open a Roth IRA because of no earned income. What is a good place to invest to minimize my exposure to taxes?

Once a person reaches 70 1/2 years of age and must start withdrawing from his/her IRA, the urgent question is: What investments can I use in my taxable account to minimize the federal income tax? (Florida has no state/city income taxes.) Do ETF's offer any tax advantages over Mutual Funds? Thank you in advance for…

Hi Terry, Thanks for all of your guidance regarding the credit breach. If I already have LifeLock, is it necessary to also do the credit freeze? Thanks, Liana Wilson.

Can the Equifax breach reveal any information that could be used to effect deposit accounts such as Bank CDs, 401s, IRAs, or Brokerage accounts? I don't know if any of these have a credit aspect. I have no credit open with them.

Good Morning Ms. Savage, I enjoy reading your articles in the Tampa Bay Times. Sunday you discussed "What to know in the wake of Equifax breach. I am a member of Identity Guard and would like your opinion whether or not I am protected from the Equifax breach with my Identity Guard protection. Thank you.…

How much cash can I give adult children with no tax paid by them?

Is it true as you get older (I am 70) that your allocations should be adjusted to reflect 70% in bonds and 30% in stocks to assure some growth while maintaining funds securely in bonds? I presently have 52% stocks and 48% bonds. I am retired.

I have tried several times to freeze my Equixfax credit report online and was unable to do so. The response was to call, but I don't want to give my info on the phone. How do I proceed. Please tell me how.

Credit Karma offers free monitoring. Is their monitoring service as good as the companies that charge you monthly fees?

If you put a freeze on your credit report and also have credit monitoring, will you be made aware if someone tries to access your credit report while the freeze is on?

Terry, I currently have 26,000 in loans that I am ahead on paying by 2,000$. I have a mortgage that I split with my fiancé. And I have a Roth IRA that I was maxing out until I bought the house. No credit card debt. Question: I want to know what you would suggest to…

Have 400 shares of. Merck. And 400 shares of Altro (MO ) . They have double in price since I bought them . Which one do you think I should sell or both or hold on to them . I really don't need the money also I am 70 yrs old

I am currently things about the way my 401 K is distributed. I have not touched it since my company set it up for me. Currently I have 30% in bonds, which I am getting told is way too much for someone my age. Fedelity is even telling me that is too much. I was…