About Terry
Terry Savage is a nationally recognized expert on personal finance, the economy and the markets. She writes a weekly personal finance column syndicated in major newspapers by Tribune Content Agency.
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Terry's Columns
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Parent Plus Loans: Act Quickly
In my latest column about student loans, I focused on changes coming to the outstanding...
Written on August 11, 2025 -
Bankruptcy
It has been quite a few years since personal bankruptcies hit the headlines. Before Covid,...
Written on August 05, 2025 -
Student Loan Changes — Act...
If you have outstanding student loans, you are likely about to encounter some significant and...
Written on August 02, 2025 -
Are You Even?
Your 6-month account statements from your 40lk or IRA have likely just landed in your...
Written on July 23, 2025 -
Private Equity Targets Your 40l(k)
Wall Street has a new target. With nearly $9 trillion in assets, 401(k) plans have...
Written on July 13, 2025 -
T-Bills (still) beat most CDs...
U.S. Treasury Bill interest rates are still mostly higher than the comparable bank CDs. As...
Written on July 10, 2025 -
Equity Linked Annuities
The promises are enticing – stock market upside with no risk on the downside. Or...
Written on July 06, 2025 -
Information, Please
Every day there’s a new headline number to impact the markets. Whether it’s about inflation...
Written on July 02, 2025 -
Social Security — The Latest!
It’s getting worse at Social Security—and it’s not your imagination. Here, as promised, are the...
Written on June 25, 2025 -
Home Buying Opportunity Coming?
There is never a good time to buy a home – except in hindsight. As...
Written on June 25, 2025
Ask Terry
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“Gifting Adult Children”
My wife and I are 68 years old and planning on taking our daughters and.. -
“my investments”
Hi Terry love listening to you on WGN with John it’s the best time of.. -
“working full time & collecting SS in full retirement yr- how much tax do you pay?”
Love your insight on WGN and website Terry. I’m working full-time/took SS at 66.4 vs... -
“Retirement allocation.”
My wife and I have apporx.$500.000 in an account with Modera Financial. Our allocation is.. -
“Finding an advisor that doesn’t want my money”
Hi Terry, My husband and I listen to you on WGN all the time. We.. -
“Convert portion of traditional IRA to a roth taking advantage of new additional standard deductions”
Hello Terry, With the new Big Beautiful Bill additional standard deduction of $12,000 for married.. -
“Debt Relief”
Are debt relief programs legit? Do they affect credit scores? Which is the best program.. -
“treasury direct application”
Hi Terry. My husband and I would like to open a Treasury Direct account. We.. -
“Section 42 Rent”
They ask for sources of income. On my 1040, I have Social Security, tax-exempt interest,.. -
“What will happen to Social Security once AI kicks in?”
Hi Terry, what I’ve been reading more about AI & how it will take over..
Terry has explained personal finances to employees of organizations large and small, including:
