Ask Terry Archives

Hello, I am wondering if you can point me in the correct direction. I had receeved an e-mail about becoming an Amazon Affiliate - "for incredible amount of commissions per week- $2500. Well, I responded to the e-mail, and well, to make a log story short.. The person that contacted me back by telephone, told…

Hi Terry, You had responded back in January of this year to a question I had about paying off my house versus 529 versus investment accounts. Your advice confirmed I am more or less on the right track. As I've considered the options and discussed things with my current bank, brokerage, etc., I've learned how…

A while ago you were kind enough to enable us to have a list of necessary information for my will and executor after I am gone....is there any possibility I can still access this and furnish my classmates in elder law class also? Thank you, dar dean

We own a condo and owe about $100k on our current 30 year fixed mortgage (5.125% interest rate) and would like to pay off our loan in the next 15 years as we will be nearing retirement. According to Freddie Mac current 15 year fixed rates are around 2.75%. Should we refinance or just pay…

Where can I download and print this out for myself and my children?

What suggestions do you have to pay off excessive medical bills that accumulated when I was out of work?

My Mother lives in another state. My boyfriend lives with me. Each is a 50% beneficiary of my retirement accounts (401K and Profit-Sharing). Mom doesn't know that I'm gay nor does she know that I live with my committed partner. She also doesn't know that she is only 50% beneficiary. Putting aside my reasons for…

My husband and I have FLTC Insurance and have two questions relative to your column in the Santa Barbara News Press on September 4, 2016. He is over 80, and his premium was raised. What source do I use to challenge this? Also, I have a policy with a lifetime benefit period that I started…

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…