Ask Terry Archives

Terry , I'm 55 and I've been a buy and hold person my whole life and have contributed to a company matched savings plan (401k) since 1979. I also will have a pension when I retire plus I've been max contributing to a Roth IRA since 2004. On top of these funds I have a…

Hello Terry, I work for a company that will be closing its door in California and have been given a date for my last day there. I have been with this company for 11 years and my question is this, If I collect my pension in full now, would this be beneficial to me? Will…

Hi Terry: Thanks to your recommendation, I've been tracking the accumulation of my retirement funding for a number of years with the help of Financial Engines. I love it, and am grateful to you for having steered me in that direction. I am curious though if you've ever had any feedback from any of your…

Thanks for the great presentation at Simmons Women's Leadership Conference this week! We bought into 2 Marriott Timeshare properties about 8 years ago, and are still paying the monthly mortgage. We would love to sell these, the monthly bills are killing us. Do you have any advice on best way to do this? thank you.…

My daughter has been accepted and will be attending University in the Fall. We have a small 529 plan, a small scholarship of $6,000 per year, and regular savings. What would be the best way to pay for this? Should we use all of the 529 funds the first year? SAVAGE SAYS:No, give the 529…