Ask Terry Archives

Hello Terri, I saw you on WGN morning news the other day, and am trying to find my stocks from an old job, I was receiving statements and heard you talking and thought Id look. I havent received a statement in quite some time and signed into the AST website and it states that they…

Hi Terry, I am retired and just have a little bit of money in the market. Mostly bond funds and some stock funds. Need it to be liquid. Thought it was pretty safe and conservative . Since the election I'm losing money. I'm tempted to sell and keep in cash. Would love your direction. Thank…

Hello. I just got a 96% increase in my and my husband's CNA long term care policy premium. I live in GA. When I called to ask, they told me the premium increase in GA would be the approved increase amount of 12%. So I called and asked why our premiums went up 8x that…

Hi, Terry, I enjoy your columns in the Sunday Denver Post. This morning's (11/20), on 529 savings plans, referred to parents, grandparents, and "other family members" as potential contributors. Is the 529 plan available to others, e.g. godparents, who are not related to the 529 plan recipient? Thanks, John Poitevin

Hi Terry, my dad is 93 in pretty good health, mom passed away 2yrs ago. They owned 4 properties, one we sold, one he gave to my sister, he lives in one and we're trying to sell another. He has a savings acct and some stocks. He needs to start gifting, which he should have…

I have heard some "experts" say that if Trump is elected, most of the 401k money will be gone due to the market fall. Is this possible and if so, when should I take my money out? I'm 65 so no penalties,and should i take it out now, or will there be time after the…

What is best to do to clean/restore your credit, bankrucpty or credit repair

My husband and I are both independant contractors and pay for private health insurance. It is getting very costly. We do have a corporation. Can we be considered as a small business for better healthcare coverage/

I am not having any luck finding the article on small business insurance. Every time I hit read more I get the pop up for joining Terri's friends. I did this and still have had no luck . Could you let me know how to get the information?

In regards to the information you provided on Small Business health insurance, I am wondering if we would need to contact a broker where the business is located (IL) even though the prospective insured's live in Indiana?

"The concept is attractive to business owners, because they do not have to contribute to the cost of employees’ healthcare. Instead, the employee pays the premiums - on a pre-tax basis, lowering the true cost of paying for this healthcare policy. And, because the premium cost is an employee deduction, the business owner saves on…

I'm 68 years old with an IRA that I don't contribute to but is managed by a financial firm with some aggressiveness. I pay a monthly fee to manage the account around $450.00/month. I would like to protect the monies I currently have in this account especially if another downturn of the economy erodes the…

I would like to teach my son of 26 years how to budget his money. Is there a good source for information? A book? A website?

I am employed by USPS and have money in TSP. My husband is retired and has his money in an IRA which he is paying 1 and half percent to his advisor. We were thinking of transferring that money into my TSP to avoid paying his fees. He is 61 and I am 62 and…

I have begun receiving communication from a third party administrator (TIAA-CREF) concerning changes to how money markets are designated. According to TIAA-CREF, "These changes, which were put into effect on October 14, 2016, required all money market funds to be designated as “retail,” “institutional,” or “government” type funds, each of which have different restrictions in…

Terry, I met you on a T Rowe Price Seminar with Holland American Lines to Alaska, years ago. I am now moving and found your book "The Savage Trust On Money". I went on the internet and found you are still passing out good investment info, and by the way you still great. GO TERRY…

I am a 57 yr old male in relative good health. With rising health care costs and concerns about my children having an eastate after I'm gone, what is your opinion on long term health care policies? I have found a couple that are interesting but am not sure of exclusions and other hidden topics…

Hi Terry, I was a freelancer for several years and started a 401k plan and at the beginning of this year I took a full-time position. I would like to switch my current 401k plan to my new employer's 401k program. Is there typically a penalty for doing that? If so, is there anyway to…

My wife has the opportunity to take a lump sum pension payment now of $64247 or a lifetime annuity of $564 per month beginning in 2024. What do you think? Thanks.

by the time it's discov ered!What do I look for when looking for a qualified professional?