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Investments Questions

By Terry Savage

Help in Long Term Savings for a Teacher

Answered on June 10, 2013

Hi Terry, I am 32, single and a 6th grade teacher looking for some advice. I bought a townhouse about 3 years ago with a $150K mortgage. My net monthly pay is around $3,700 (yearly gross approximately $60,000). After mortgage and other home expenses, I have around $700 a month left to save (which I…

When to sell bond funds?

Answered on May 31, 2013

Hi Terry, This is a question that's been troubling me for six months, and your response will help me see my way more clearly, and for that I thank you up front. I am partially retired (age 59) and rely heavily on the dividends generated by my closed end municipal bond funds. And I do…

Low Priced Stocks with High Dividends

Answered on May 28, 2013

Are low priced stocks that pay high dividends a good choice?Ireally do not understand how this is done. If the stock price is low and hovers at that low price that would give the impression that the company is not a high performer. On the other hand, dividends are paying out profits, how could these…

Renewing IRA CD

Answered on May 27, 2013

Hi Terry, I have an IRA CD ( 5 yr term ) that will mature this year in Sept. 2013. I am a elderly senior & don't wish to keep this with the same bank. I plan to take my RMD just prior to maturity & will then have a balance of approx. $100,000. Any…

Early career

Answered on May 13, 2013

Hello Terry, I would like to know, what amount of education and or licenses are required to work at the Chicago Board Options Exchange or the New York Stock Exchange? SAVAGE SAYS: That depends on the kind of job you are looking for. Although most trading is electronic, there are still floor positions open for…

T Rowe Price

Answered on May 13, 2013

Terry: FYI. Contacted T. Rowe Price regarding monte carlo modeling to generate retirement income. They were not interested in providing this service, unless I had at least $100k invested in T. Rowe Price. Any other options? SAVAGE SAYS: That's something new!? Let me check on this Monday morning, and I'll give you an update!? It…



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