Terry Savage

  • Get savvy about student-loan repayment

    Get savvy about student-loan repayment

    Americans owe more than $1.34 trillion on student loans — more than credit card debt or car loan debt. Yet it seems that many student loan borrowers are woefully uneducated about how to repay that debt. In fact, far too many fall victim to student loan debt repayment scams. Illinois Attorney General...

  • Five financial tasks for summer

    Five financial tasks for summer

    It’s hard to write a column about money in July. Everyone is mentally on vacation and reluctant to concentrate on financial matters, unless there’s an emergency. The lazy days of summer are not conducive to taking on money projects. But here are five easy things you could do this summer to help...

  • What paperwork you should be saving

    What paperwork you should be saving

    It’s important to be organized and thoughtful when doing a cleanup, so you don’t throw out important papers that might one day help prove you don’t owe taxes. Storing financial records doesn’t necessarily involve stacking boxes of records in your closet. Think digitally. You might want to scan...

  • Pay attention to new retirement account fees

    Pay attention to new retirement account fees

    The Department of Labor’s fiduciary rule is going into effect despite the efforts of financial firms to block it. In fact, Wall Street has found a way to profit from the new rules at the expense of vulnerable American investors. The concept of the fiduciary rule is simple and logical. Any salesperson...

  • Rebalancing portfolio takes discipline

    Rebalancing portfolio takes discipline

    Buying and holding a diversified portfolio of American stocks — such as the S&P 500 stock index — has been a winning strategy over the long run, beating most managed mutual funds and investment adviser recommendations. But what happens if it’s too successful? That’s actually a problem you might...

  • Estate planning not only for older people

    Estate planning not only for older people

    A recent column about getting financially organized triggered many questions about estate planning. This is not just a subject for older people or those with a lot of money. Young families with children and mortgage payments are likely the least prepared and most vulnerable in the unexpected death...

  • Leave a financial road map for survivors

    Leave a financial road map for survivors

    With Mother's Day coming up, and Father's Day soon after, perhaps it's time to have a family discussion about what will happen when the unspeakable occurs. Death isn't pleasant to talk about, but if you're willing to have that conversation, you'll make things much easier in the future. No one likes...

  • A look at increasingly popular ETFs

    A look at increasingly popular ETFs

    Exchange-traded funds are far outpacing traditional mutual funds in gathering assets. Last year, more than $280 billion of new investor money flowed into ETFs, a record. About $135 billion was added to ETFs in the first quarter of 2017. Traditional mutual funds still far outweigh ETFs, with assets...

  • Financial aid decision time for college

    Financial aid decision time for college

    College acceptance letters are arriving now — and with them the financial aid offers that can make or break a college dream. Comparing those offers of loans, grants and scholarships can be a complex task. But if you're organized about the process, the right decision will stand out. It's important...

  • Investment industry price war benefits consumers

    Investment industry price war benefits consumers

    The investment industry is in the midst of a price war that will cut costs for many — from individual investors to sophisticated hedge fund participants. That's great news for investors. Individual investors have little concept of the impact of investment fees and costs on overall return. It can...

  • Get a handle on your debt

    Get a handle on your debt

    You would think Americans had learned their lesson about borrowing, but debt levels are creeping up again. That isn't a huge worry when the economy is strong, unemployment is down and confidence is high. But if — and when — the next recession occurs, the consequences could be even more devastating....

  • Pet insurance can pay off over time

    Pet insurance can pay off over time

    If you consider your dog or cat a member of the family, you are not a pet owner — you're a pet parent. There's a vast difference, according to Robert Jackson, CEO of HealthyPaws.com, a pet insurance provider. Jackson's company and others provide health and accident insurance benefits to people...

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