Ask Terry Archives

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?

I heard u talked about a one year plan. My wife and I recently Retired and cobra runs out end or nov, 2016. Please share the info as I am shocked at lack of insurance options and costs in Chicago. Thank you

My wife is offered a lump sump payment from a previous employer from her 401k. i have a small IRA myself but do not really have anything else for retirement. Any advice would be appreciated.

Not actually a question, but two comments in relation to your column "How to navigate murky Medicare drug plans" published in the Chicago Tribune today (Monday, 10/24/16). 1. You state "you must have Part D if you don't have comparable coverage." This is NOT accurate. You can choose to not take Part D, but should…

I have $25,000 in student loan debt thru Navient(formerly Sallie Mae). It's from the years of 1996-2000. I had a job as a police officer right out of college and paid my loan back religiously. But then I got pregnant with twins who needed special care and attention and quit my job to stay home…

Just a great big thank you for your column. Called eHealthMedicare, talked to Eunice Reid. Great lady. My husband and I will save over $2,000 next year by changing 3 of our 4 plans (2 Part D and 1 Supplemental). Again, thank you. Kathleen Widlic

If your adult children have established 529 plans in another state, can Illinois grandparents contribute to those plans? It is understood that no Illinois tax break would occur. How can we locate the best states to make such investments for our six grandchildren?

You talked about a one-year plan on the WGN Business lunch last Wednesday. Did I hear you correctly? Agile.com?