Ask Terry Archives

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

Good morning. How do I start a Roth IRA? What are the steps? Do I have to go through a bank? My husband has a 401 and I want to start a savings retirement.

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…

Husband and I still working he is 56.I am 60 what can we invest in for growth . we do not need the money want to leave to children..youngest 30.put into reit real estate,pharmacy,health care. Want companies with diversity,solud foundation

Please send me a copy of the financial organizer

Can you please let me know the title and author of the book about elderly abuse you mentioned during this morning's interview. I would like to read it. Thanks.

Currently I have an annuity of $41,000 - the brunt of which is invested with the S&P500 earning just 2% - So, if the S&P goes up I make money, if it goes down I do not lose anything but neither do I earn money. One year I did not earn anything, the next year…

I have approximately $26K in an account that I would like to cash out. I am over 59 1/2 years of age. I want to apply $15K towards credit card debt, and the remaining spread out towards principal on a Mortgage to pay off sooner. Will I be charged for premature distribution?

I am 63 years old, I have been informed by a former employer that I can take a lump sum, or a monthly payments, or do nothing. I feel that this company will not be around in the coming years before I can retire. If I take a lump sum from this plan, do I…

What is the difference in return and tax consequences between individual muni bonds and a muni bond fund?