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."...
Home > Reviews
All Stories
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rules are simple, but the penalties for failure to withdraw on time are huge — 25% of the amount that should have been withdrawn for 2024!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...
Terry Savage: VA mortgage loans are a great deal
In an election year it’s all too easy to forget that Veteran’s Day is November 11, even though all federal offices and banks will be closed. The holiday was made official...
Terry Savage: Big changes to Medicare demand attention during open enrollment
It’s time for Medicare open enrollment, the few weeks between October 15 and December 7 when all current Medicare beneficiaries must make some important decisions about their coverage for 2025.
Terry Savage: Choosing value in college selection
There is no doubt that a college education is a key ingredient in future success — although these days it’s harder to find a skilled plumber or electrician than a...
Terry Savage: This year’s best retirement book
Every year a new book comes along that is truly worth taking the time to read — and more than once. This year’s outstanding book is the just-published “How to...