Terry Savage: We need a statute of limitations on Social Security clawbacks
These miscalculation cases are all about errors, not fraud.
Careers
Terry Savage: As markets hit record highs, complacency is a risk
Pessimism is contagious. And so is optimism. But reality eventually rules. So, perhaps now it’s...
Terry Savage: There’s no recession in sight, but economic pain is real
Since the U.S. economy is not yet in a recession, either by official definition or...
Terry Savage: SIM swap is a new way to swipe your savings
Identity thieves have a new way of gaining access to your finances.
Terry Savage: Homeowner’s insurance premiums rising
Opening that bill, you might find a 25% increase or more — even though you’ve...
Terry Savage: The pros and cons of reverse mortgages
For seniors who own their own home — fully paid off or with a small...
![On average, women live longer than men. It’s an actuarial fact known by every insurance company and financial planner. At age 65, the life expectancy of a woman is 20 years, while men at the same age have a life expectancy of 17 years. So, it stands to reason that the 2020 Census Bureau reports […]](https://www.chicagotribune.com/wp-content/uploads/2024/02/202401171557TMS_____HEADSHOT_Terry-Savage_4258af.jpg?w=136 "On average, women live longer than men. It’s an actuarial fact known by every insurance company and financial planner. At age 65, the life expectancy of a woman is 20 years, while men at the same age have a life expectancy of 17 years. So, it stands to reason that the 2020 Census Bureau reports […]")
Terry Savage: A widow’s guide to financial recovery
On average, women live longer than men. It’s an actuarial fact known by every insurance...
Terry Savage: Women are wielding financial power more than ever
More and more women are taking the lead in family finances. Proof comes in the...
Terry Savage: You can’t plan a retirement without understanding longevity
Here’s a personal question: How long do you think you’ll live? Most people will roll...
Terry Savage: Insurers’ losses to squeeze Advantage plans
Medicare Advantage is causing huge losses for insurers like Humana, which recently reported a surprising...