Terry Savage: ‘Chicken money’ holders are going to be tested
Simply put, chicken money is money set aside to let you sleep at night, no matter how the stock market fluctuates. It is not just something you need at a...
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Terry Savage: The stock market and you
There’s another Wall Street truism that's relevant here: Bull markets climb stairs, but bear markets ride a slide. In other words, stocks go down far faster than they go up.
Terry Savage: Guarding your credit, identity and property
It’s the holiday shopping/scamming season. And that makes it a good time to think about protecting yourself from the dangers of identity theft.
Terry Savage: How income can affect Medicare premiums
Every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for Income Related Monthly Adjustment Amount.
Terry Savage: This holiday season, help the needy and manage your finances
This is the time of year when I typically offer financial planning advice to those who have the flexibility to make charitable gifts or plan ahead for taxes. But this...
Terry Savage: Lower health care premiums with small biz insurance
Suddenly millions of working Americans can no longer afford “Obamacare” health insurance, as premium subsidies have been removed. But there is one other potential health insurance opportunity that could offer...
Terry Savage: The toughest talk
Once upon a time, parents and children sat down together for the toughest talk: the birds and the bees. Now it’s time to face up to an even tougher conversation:...
Terry Savage: It’s RMD time again
Time flies — and never so quickly as we approach the annual deadline for taking required minimum distributions from traditional IRAs and 401(k) and 403(b) plans.
Terry Savage: When to take Social Security
You may have seen videos making the rounds on TikTok or other social media. Or even a recent op-ed in the Wall Street Journal. All suggest that you grab your...
Terry Savage: Choosing a Medicare Part D drug plan
You may not be taking prescription drugs when you sign up for Medicare at age 65, or when your work coverage ends, but eventually you will need meds.