Careers and Finance - Chicago Tribune

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Terry Savage: High rates for how long?

When interest rates were quite low just a few years ago, savers were actually punished for having chicken money. Inflation was higher than safe money savings rates. But as of this writing, you can get 5.5% on a six-month Treasury bill.

August 23, 2023

Terry Savage: Options after losing health insurance

How would you feel if you suddenly lost your health insurance? Frightened? Vulnerable?

August 14, 2023

Terry Savage: Scoring your credit

If you borrow too much, and continue borrowing more each year, there is a steep price to be paid in the form of higher interest rates or credit denial.

August 07, 2023

Terry Savage: Fed makes fast money transfer available to all

The Federal Reserve has created a new and instantaneous money transfer technology that will allow immediate receipt of payments, even over the weekend when the Fed’s current ACH transfer system is closed.

August 02, 2023

Terry Savage: New hope for those struggling with student loan debt

There is a new program that could offer dramatic cuts in current payments (some to zero), and lead to eventual forgiveness.

Terry Savage: Choosing the right retirement account

We used to assume that when your paycheck stops, your tax bracket drops. But that might not be the case in the future.

Terry Savage: Boring summer is no time to slack on financial planning

Is this the right time to take your eye off things financial and enjoy the longer summer days? Or is it the perfect time to reassess and revise everything from your investment allocation to your will?

Terry Savage: Fighting your financial adviser

Here’s some free investment advice that could save you a lot of heartache.

Terry Savage: Beware the Medicare observation trap

If you stay healthy, the lower Medicare Advantage premiums save you money. However, they also come with restrictions on access to in-network physicians and testing services.

How to make the most out of a summer internship

As young adults begin their summer internships, what are some things they should do during these internships to increase their chances of being hired for a full-time position at the end of the experience?

Men are returning to offices faster than women, new data show

Men are giving up remote work and returning to offices in the U.S. faster than women, according to new government data.

Terry Savage: Your home investment

For the vast majority of Americans, their home is their greatest lifetime investment. But as in all investing, timing is everything.

Terry Savage: Student loan repayment moratorium is ending. Here’s how to prepare

Federal student loan repayments will start in October. After more than three years of deferrals by both administrations, the debt ceiling deal forced the end of the moratorium.

Terry Savage: Consumers will decide the fate of the economy

The money that passes through consumers’ hands (or credit card accounts) determines future economic growth. When consumers are fully employed, it’s obvious they will spend more. When consumers are worried about the future, they pull back.

Terry Savage: Which stock market? It matters when judging returns

The next time you refer to the “stock market,” be sure you know which market you’re talking about. And then have the discipline to ride out the ups and downs.

Terry Savage: Do you really think you can beat the market?

And what actions — if any — should you be taking now, in this relatively quiet period. Is this the calm before the storm?

Terry Savage: Long-term care and inflation

The impact of inflation is truly hitting home for seniors — especially if home is an assisted-living facility or nursing home.

Terry Savage: More Social Security horror stories

Alone, people feel helpless. But some very powerful people have expressed an interest in helping us tell the story and resolve these social security problems.

Terry Savage: Fraudsters are more clever than you think

Technology has enabled fraudsters to grab your money so quickly and so anonymously that instances of fraud have ballooned, especially against seniors.

Terry Savage: Estate planning for all

People tend to avoid the discussion of estate planning. But many families may have a very special need for estate planning.

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