Terry Savage: Fixing inflation

Business / Terry Savage /

There is absolutely no doubt anymore. Inflation is deeply embedded in the economy. The recent report of inflation at 8.6% in May is the highest since 1981. The only question is what can be done about this punishing tax that hits hardest at low-income families and seniors on fixed incomes.

What will it take — and how long will it take? And how...Read more

No time like the present to get a job

Business / Terry Savage /

The economy is still growing nicely and more people have joined or rejoined the labor force, with nearly 400,000 new jobs added in the most recent month. One — or even two — of those jobs should be yours!

With daily consumer costs rising and the stock market falling, retirees suddenly realize their plans could be upended. Younger families ...Read more

How to Do a Rollover

Business / Terry Savage /

You worked so hard to accumulate all that money in your 401k plan. And a huge bull market helped. But when you retire or move to a new job, you might be much better off doing an IRA Rollover.

The best reason to do a rollover is that the investment choices in 401(k) plans — as well as 403(b) and 457 plans — are mostly designed for younger ...Read more

VA loans remain a terrific bargain for vets

Business / Terry Savage /

Memorial Day is a reminder to honor the service of our veterans. It is also a good time to take another look at VA mortgage loans. Now that rates are rising, VA loans have become even more attractive. If you ever served in the military and are considering buying or refinancing a home, your eligibility never expires and you can apply for VA loans...Read more

Anatomy of a Bear Market

Business / Terry Savage /

It’s been a long time since we had a real bear market, and memories of pain fade amid subsequent gains. For a generation of recent investors, and those with short memories, some perspective is in order.

In the past 3 years, the entire stock market outperformed its historic averages. Over the past 75 years, the average annual return of the S&P...Read more

Congratulations! You Got into College. Now How Will You Pay For It?

Business / Terry Savage /

The college acceptance letters have arrived, and many families now face the scramble to find money to pay for the dream that has landed in their child’s inbox. It’s an issue that should have been discussed many months ago. Most financial aid packages offered by colleges will leave families with sticker shock.

But there are some steps ...Read more

Protecting your 401(k) in the stock and bond rout

Business / Terry Savage /

As a record number of Americans are heading into their retirement years with impressive balances in their 401(k) plans, the potential disruption of this long bull market has many people trembling. The prospect of actually losing money just as they need to plan retirement living withdrawals is truly frightening for this generation of amateur ...Read more

Terry Savage: Redeeming matured bonds

Business / Terry Savage /

Investor interest in savings bonds is higher that it has been in recent years. As I explained several months ago, Series I bonds, which adjust to inflation, had a yield of 7.12% for the six months ending May 1. The rate for the coming six months is expected, as I write this, to be 9.62%.

The only place to buy savings bonds now is through the ...Read more

Terry Savage: Inflation!

Business / Terry Savage /

A new generation of Americans is about to face the impact of inflation – on their daily lives, their financial decisions, their investment choices, and their retirement lifestyle. While many pundits proclaim that this period of inflation will come to a quick end, history shows that inflation has always ended not with a whimper, but with a ...Read more

Terry Savage: Free health insurance is available above the poverty level

Business / Terry Savage /

Millions of Americans still fall into the no-health-insurance gap. They earn too much to qualify for Medicaid in their state but not enough to afford ACA (Obamacare) health insurance policies — even with the recently increased subsidies. Many are unaware that they now qualify for a 100% subsidy — basically free insurance — if they enroll. ...Read more

Terry Savage: Marriage and money

Business / Terry Savage /

The spring wedding season is upon us, and around the country brides, grooms and their parents are making arrangements for extravagant celebrations now that the COVID-19 pandemic is (hopefully) behind us.

According to a survey by The Knot, there will be more weddings in the United States in 2022 than any other year since 1984. And, on average, ...Read more



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