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...
Home > Reviews
All Stories
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...
Terry Savage: In these times of uncertainty, where is your ‘chicken money’?
The stock market seems to be taking uncertainty in stride, as I write this column. Neither economic concerns over the impact of tariffs nor the political concerns revolving around the...
Terry Savage: Analyzing Medicare Advantage plans
Medicare Advantage plans now cover slightly more than half of American seniors in the Medicare program. The attraction is in both the low costs and the additional services they advertise....
Terry Savage: Understanding IRMAA
Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for "income-related monthly adjustment amount."...
Terry Savage: Tax benefits can amplify your charitable giving
Giving to charity is all about money — and if a tax benefit comes along, the gift is much sweeter. But since the tax reforms of 2017 increased the standard...
Terry Savage: Giving the gift of a college savings plan
Here’s a reminder of how easy it is to set up a 529 college savings plan for a child or grandchild, and why you should encourage gifts to the plan...
Terry Savage: Gifts to spark financial interest in the young
Every year I devote a column to meaningful gifts for children of all ages — gifts that might grow in value or spark an interest in financial matters, or just...
Terry Savage: It’s time to take required distributions
The rules are simple, but the penalties for failure to withdraw on time are huge — 25% of the amount that should have been withdrawn for 2024!
Terry Savage: Sorting out Medicare Part D drug coverage
Whether you have a stand-alone Part D drug plan or your drug coverage comes with your Advantage all-in-one plan, you must do a review. (Note that not all Advantage Plans...