Terry Savage: Reverse mortgages are useful but not for everyone
As Americans live longer and costs continue to rise, a growing number of seniors have decided to tap into the equity they’ve built up in their home, by using a...
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Terry Savage: Money-saving repayment deals for Parent PLUS loans
Time is running out for Parent PLUS college loan borrowers to access money-saving repayment deals. The deadline is July 1, after which reduced payment options disappear because of provisions in the...
Terry Savage: To stay or sell your home
For generations of Americans, the family home has been the largest investment they will ever make. And in most cases, it has given a tremendous financial return over the years....
Terry Savage: The ‘Special K’ theory that explains our economy
We’ve all heard references to a “K-shaped” economy. It’s an image that reflects the growing wealth disparity in America.
Terry Savage: Avoid this Social Security con job
Social Security is making an offer you should refuse. Famed economist and Social Security expert Larry Kotlikoff calls it a “massive con job.” And he explains that, like any con job, the offer is so...
Terry Savage: Planning ahead for taxes
The last thing you want to think about now is taxes. You’ve completed your return, and hopefully received your refund. Thinking about your taxes for next year is like asking if...
Terry Savage: Use the miles
A casual conversation with a group of friends elicited this comment from one woman: “It’s time to start using your miles.”
Terry Savage: Can you beat the market?
Do you think you can beat the stock market? Should you even try? The volatility of the stock market in the past month has demonstrated the overall futility of just...
Terry Savage: The health insurance sinkhole
We’ve become inured to doomsday prophecies. But in this case, those predictions are about to come true. And the impact will be felt throughout our healthcare system — even by...
Terry Savage: Keep private equity and private credit out of your pension plan
Oh, the irony. Just as market headlines reveal huge worries about “private credit” and “private equity,” the Labor Department (which is responsible for the security of pensions and retirement accounts) has proposed...