Ask Terry Archives

I have about 34000 in unsecured loans and credit card debts. i am paying about 1500$ a month on those debts alone I am current on my payments for now but need help on what to do. it is becoming harder and harder to manage. What are my options? continue paying minimum payment consolidation or…

Terry: when the Fed raises interest rates is that good for my money market investments or bad? I can never keep it strait. thank you

Hello Terry We would benefit greatly from some suggestions on auto vehicle coverage, including recommendations for comprehensive/collision

Hello! My family owns property in the Philippines. We are in final stages of selling it. Because majority of the siblings are here in the United Staes, we have appointed our two remaining siblings who still resides in the Philippines as Power of Attorney and execute the deed of sale, and the sale proceeds will…

Having read your article advising policy holders burdened by the up to 126% increases in premiums I am confused by your recommendation to trust this company with any more of our money. You state that John Hancock ..." Vastly underestimated the potential cost of care, policy usage, impact of increasing longevity and possibility of today's…

Where can I get a first time minority business grant.

Terry, what's the best official website where I can do research on acquiring a Federal Government grant for property devevelopment?

I am the executor of my friends estate and was beneficiary of all assets when she passed . Due to oversight she never named a beneficiary on her 401 account . This account has since been transferred to the"Estate of {deceased} with me as executor. Can I still withdraw funds if I need to? If…

To secure a combo life /LTC policy, what type of health underwriting is required to secure the life insurance? What is the expected ROI on the cash value of the life insurance? Can you select investment vehicles? ThX Dan R

Hello, My 21 year daughter moved to her Dad's house in Florida in September of 2015 (I live in Illinois) and I claimed her on my 2015 tax return. She is applying to a state college in Florida for the fall of 2017, she currently goes to the junior college in Florida so I presume…

I applied for a ParentPlus loan for my son's college tuition. I was approved and my son was able to use this for his tuition payment. First question. How was I able to be approved for this loan when I cannot even get a credit card from Kohl's? Next question. They sent me a check…

In your recent article "Sticker shock for long term care insurance", you stated that "Premiums were not increased for anyone over age 80". My question is was the reference to age 80 meant to be at the time they signed into the program, or is the "80" meant to be at the time of the…

Im 60 yrs old and no longer work for the company i had a ira with though edward jones i want to close it and cash out can i ?

What was the source of your information regarding the number of federal employees who have participated in the government's long-term care insurance program? (9/4/2016 The Savage Truth)? The article opened with the figure "millions" yet the LTCI website states that enrollees totaled 273,052 in 2015.

Thank you for your article discussing the sticker shock of the rise in premiums for long-term-care policies. The options you described in one company's plan of premiums rising as much as 126% are very similar to the notification I received at age 75 of a rise in premiums of 40%. Even though it represented a…

My homeowners and auto insurance rep is recommending an umbrella insurance policy (365.00 per year).. Is that necessary or even recommended?

We live in Brookfield and have our home paid off and would like to move. Our house is not worth as much as what we need to buy what we want and wondering what would be best with not so good credit. Both in low 500's. Thank you, Tina

Hi, Terry. I am in the process of transferring several IRA accounts, as each one reaches maturity, from a bank in another state to a bank in Illinois. The Banker we use continually pushes annuities, even after I have told her—several times—that I am looking for no risk and prefer to roll over the funds…

My husband just recently passed away and I will be receiving the death benefits plus other funds from business dealings. I don't even know what I am doing at times because of the mourning. What can I do besides money market accounts to "park" funds. I live on a guaranteed monthly annuity and government pension,…

So can you explain how .25 of a point raise will mean very little to someone's savings but the cost of everything else will rise drastically. A quarter of a point uh ? Are you spreading fear for the globalist bankers ? Please explain