Quick, think about who would know where everything is if you were in an accident or had a stroke that left you unable to communicate. By “everything” I mean your healthcare power of attorney, your health insurance documents and even the password to your cellphone so they can notify friends and family.
Category: Careers
Terry Savage: Roth conversions — a good idea?
Would you send the government a big check this year — in return for a potentially far larger future tax break?
Terry Savage: Housing affordability is becoming a major personal, political crisis
Housing affordability is going to be a huge topic in both personal finance and politics in the year ahead. It’s not your imagination that housing — whether you own or rent — is taking a bigger bite out of your income. The question is what you — and the government — can or should do about it.
Terry Savage: Tariffs 101
Let’s talk about how tariffs work to impact the economy — without any political considerations — just considering the potential economic consequences of tariffs, and how they impact the trade relationships between countries.
Terry Savage: Don’t procrastinate on tax filing this year
It’s income tax time again, and this year it’s time to make a big change in how you file if you’re one of the small minority (less than 10%) who still file a paper return and then trek down to your local post office to send that return by registered mail — return receipt requested.
Terry Savage: The next direction for interest rates is down
The Fed appears to have done the impossible: reduced inflationary expectations without causing a steep recession and loss of jobs.
Terry Savage: What’s in YOUR retirement plan?
What’s inside your retirement plan? That’s a question every boomer should be asking these days, according to Ron Surz, of Target Date Solutions and the “Baby Boomers in Jeopardy” newsletter. Surz has patented a “safe glide” strategy that he says will better protect retirees from the risks inherent in most target-date funds.
Terry Savage: It’s scholarship time
Announcing free money! Did that get your attention? If you have a high school child or grandchild, don’t let them miss out on free money for college — not based on need — that is being handed out starting now!
Terry Savage: As markets hit record highs, complacency is a risk
Pessimism is contagious. And so is optimism. But reality eventually rules. So, perhaps now it’s time to ask this question: Could the investing public be equally misinformed about this bull stock market as it makes new highs?
Terry Savage: There’s no recession in sight, but economic pain is real
Since the U.S. economy is not yet in a recession, either by official definition or by popular sentiment indicators, how can that negative perception of the economy be explained?