Don’t miss Orioles players, John Means & Paul Fry, as they guest host at our Brews and O’s event!

Terry Savage

  • Examine your risk tolerance

    Examine your risk tolerance

    People buy lottery tickets with astronomical odds against winning. (I must confess, I do that when the jackpot is huge.) After all, it’s a cheap price for a few hours of fantasy. But investing requires a long-run perspective. Overall, the stock market has always, in modern history, been a long-term...

  • Consider complexities of growing old solo

    Consider complexities of growing old solo

    The Baby Boom generation is getting a new nickname: the Loneliest Generation. About one in 11 Americans age 50 and older lacks a spouse, partner or living child, according to a recent report in the Wall Street Journal. “That amounts to about 8 million people in the U.S. without close kin,” the...

  • College grads, get to work repaying loans

    College grads, get to work repaying loans

    Congratulations, college grad. Your first challenge is finding a job. The second challenge is just as important: starting to repay your student loans, if you have any. The time to start thinking about loan repayment is the week after graduation. Step 1: Find your student loans You likely have federal...

  • Getting timing right on Roth conversions

    Getting timing right on Roth conversions

    In a recent column, I mentioned the importance of tax planning for your retirement assets. We are living in a time of relatively low historic income tax rates, and as our national debt grows and political considerations change, it’s not unlikely that tax rates will rise in the future. It’s always...

  • Disability insurance can protect you from unthinkable

    Disability insurance can protect you from unthinkable

    Income tax time brings you face to face with the amount of money you earn — and have left to live on, after taxes. But what if you were disabled and couldn’t work? It’s something no one wants to think about: being incapacitated. But consider the odds. The Disability Insurance Resource Center says...

  • Dealing with burden of debt

    Dealing with burden of debt

    Too many Americans are living on the edge, burdened with debt that grows like a cancer and made vulnerable by a lack of savings to deal with emergencies. And this sad situation coincides with the longest period of economic recovery — starting in June 2009 — in postwar history. During the government...

  • This spring looks like great time to buy home

    This spring looks like great time to buy home

    Home buying has been out of favor since the mortgage crisis of 2008-2009. That’s when everyone learned the dangers of being overextended with mortgage debt — and with credit card debt used to furnish a house and maintain a lifestyle. By 2016, the U.S. homeownership rate had sunk to 62.9 percent...

  • Pay attention to fees, commissions on 529 plans

    Pay attention to fees, commissions on 529 plans

    Are you paying too much for your 529 college savings plan? If you bought through a broker or adviser, the answer is almost certainly yes. States have a “direct-sold” plan that you can access through a website, without paying commissions, so it has always mystified me why some parents and grandparents...

  • Companies luring employees with help paying off student loans

    Companies luring employees with help paying off student loans

    The best new benefit that companies are offering employees is help in paying down their student loans. It’s a growing trend among employers seeking to attract and keep talented young workers. Some places pay $100 a month, or more, directly to the student loan servicing company if the employee is...

  • A little common sense amid market freakouts

    A little common sense amid market freakouts

    This is a perfect time to reflect on some Savage Truths that sadly must be relearned in every economic and stock market cycle. Perspective is essential to investment success And it’s almost impossible to gain perspective in the midst of a crisis. At the top of a bull market, everyone has forgotten...

  • A little chicken money can protect nest egg

    A little chicken money can protect nest egg

    “Chicken money” is money you protect from risk because you can’t afford to lose it. Just about everyone needs some money that is not intended for ordinary spending and not part of their investment program. The amount of chicken money you need depends on your overall financial situation, stage in...

  • Things to do now before tax season

    Things to do now before tax season

    Thinking about income taxes is different this year because of the tax law changes. For some people, tax time will be easier and less costly. They will get a $12,000 standard deduction for an individual return or a $24,000 standard deduction on a joint return. If their charitable contributions and...

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