Medicare Open Enrollment is Upon Us. Choose Wisely

Business / Terry Savage /

Every year, seniors on Medicare are faced with the task of examining their Medicare coverage and making important decisions. Those who think that Medicare is a one-time enrollment, which then covers everything, are truly mistaken. In fact, Medicare decisions are complex, frequent and far reaching.

For starters, you need to know that Medicare is...Read more

Phishing Scams Prey on Human Foibles

Business / Terry Savage /

It’s happened to all of us. We receive a text or email from a financial institution that we do business with asking us to click on a link. It all appears so realistic — a logo you recognize, a request to take immediate action.

And that’s how easily you can be scammed in what’s known as a "phishing" expedition. That's the generic term ...Read more

Terry Savage: Careful with consumer credit

Business / Terry Savage /

Consumer debt has risen sharply during the pandemic, according to a new survey by Nearly half of all American adults with credit card debt added to that debt since March 2020. Worst offenders were millennials and Gen Z, whose rising card balances grew far faster than baby boomers and Gen Xers.

Consumer spending is widely credited ...Read more

Average is Fine

Business / Terry Savage /

Few people want to be average. It may be a distinctly American character trait that we want to be outstanding, special, “above average.” Garrison Keillor made a fortune on this hypothesis, writing about the fictional Lake Wobegon, “where all the women are strong, all the men are good-looking and all the children are above average.”

And ...Read more

File FAFSA Early, and Think Carefully About College Borrowing

Business / Terry Savage /

Parents of high school and college students once again face the difficult task of filling out the FAFSA — the Free Application for Federal Student Aid. The process starts on Oct. 1, and since the “early bird” gets first crack at some scholarship aid and state-specific financial assistance, there’s every incentive to get going right now. ...Read more

The Other Bull Market

Business / Terry Savage /

While everyone has been watching the stock market bounce around all-time highs, there’s another bull market that has also been in uncharted territory. And while stocks impact all those who have retirement accounts, it could easily be argued that the bull market in housing directly affects even more people, and in more tangible ways.

If you ...Read more

Time For a New Start

Business / Terry Savage /

There was a time when the new calendar started after Labor Day — at least mentally. It meant the end of summer and the start of the school year. September meant the start, or re-start, of everything.

It’s no wonder many people feel so unsettled these days. The social distancing during the pandemic has pushed our circadian rhythms off course...Read more

Take Advantage of the Great American Job Opportunity

Business / Terry Savage /

Every month, the unemployment statistics are watched closely by the financial markets, the news media and the Federal Reserve. It’s the Fed’s mandate to keep inflation low and labor participation high. And recent statements from the Fed show they think the economy is moving in the right direction, absent potential setbacks from COVID-19 ...Read more

Long Financial COVID

Business / Terry Savage /

We have all heard of the long-lasting effects of the coronavirus on many people. The so-called “long COVID” impacts linger long after the immediate fever and other physical symptoms have passed.

And with all due respect to those who are still suffering, it’s important to note that many people will also suffer long COVID financial impacts...Read more

The Mystery of Our National Debt

Business / Terry Savage /

Our national debt is the sum of all the money we have borrowed over our country’s history. It is currently nearing $29 trillion. Sadly, we have grown accustomed to such huge numbers. Now they’re called “MEGO” numbers. That stands for “my mind glazes over!”

To put numbers into perspective, the national debt reached a record high at ...Read more

Time to Pay for College. Are You Ready?

Business / Terry Savage /

Parents of college students starting the fall semester have come to the moment of truth — the moment when it’s time to start paying out all that money they’ve been saving and borrowing.

There are some rules involved in how you spend scholarship and grant money, as well as money you've saved in tax-advantaged accounts. I'll discuss those ...Read more

Figuring out the Economy

Business / Terry Savage /

When it comes to figuring out the economy, let me borrow the famous line from Charles Dickens: “It was the best of times, it was the worst of times....” If you follow the economic headlines, trying to make money decisions that impact your life, it’s understandable that you might be confused. Economists are confused, too!

There’s a lot ...Read more



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