The Fed appears to have done the impossible: reduced inflationary expectations without causing a steep recession and loss of jobs.
Terry Savage: The next direction for interest rates is down
Category: Careers
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?
Terry Savage: SIM swap is a new way to swipe your savings
Identity thieves have a new way of gaining access to your finances.
Terry Savage: Homeowner’s insurance premiums rising
Opening that bill, you might find a 25% increase or more — even though you’ve had no claims. If your premium is included in your monthly mortgage payment, you’ll get notice of a jump in your monthly payment.
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. Or it can be a costly mistake.
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 years, while men at the same age have a life expectancy of 17 years. So, it stands to reason that the 2020 Census Bureau reports […]
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.