Terry Savage: The fiduciary rule and rollovers
Have you noticed how much your 401(k) plan has grown over the years? There’s now nearly $11 trillion in these retirement plans — boosted by years of continuous investing in...
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Terry Savage: Where’s my tax refund? How to check your federal or state refund status
What do you do if your IRS tax refund still hasn’t arrived? Now that the IRS has received most 2023 tax filings, and should have sent your refund, it’s worth...
Terry Savage: Warning on credit repair and chasing rewards
Even the zero-interest period on balance transfer cards can get you deeper into trouble. If you don’t pay off the balances within the zero-rate period, you can expect your finance...
Terry Savage: The pros and cons of reverse mortgages
For seniors who own their own home — fully paid off or with a small remaining mortgage — but need more income, a reverse mortgage can be the perfect solution....
Terry Savage: Social Security relief imminent for recipients of unexpected overpayments
In simple words, the elderly and disabled recipients of Social Security retirement and disability benefits will no longer face the threat of imminent stoppage of all their benefits unless the...
Terry Savage: The dangers of debt
Let’s stop ignoring $1.3 trillion in credit card debt owed by millions of Americans
Terry Savage: A widow’s guide to financial recovery
On average, women live longer than men. It’s an actuarial fact known by every insurance company and financial planner. At age 65, the life expectancy of a woman is 20...
Terry Savage: Women are wielding financial power more than ever
More and more women are taking the lead in family finances. Proof comes in the latest Allianz Life “Women, Money and Power” study, an ongoing survey of women’s priorities and...
Terry Savage: You can’t plan a retirement without understanding longevity
Here’s a personal question: How long do you think you’ll live? Most people will roll their eyes, believing that only a higher power has the answer to that question.
Terry Savage: Insurers’ losses to squeeze Advantage plans
Medicare Advantage is causing huge losses for insurers like Humana, which recently reported a surprising loss, attributed to higher than anticipated spending in Advantage plans.