There is actually 4 areas on the Savages that can give you grief. The other info given here is good and I will attempt to address only those areas that are a potential problem. I have bedded many Savages and have had some incredible results when 2 to 3 inches of the barrel is bedded along with the action.
First of all you will need some high tech and expensive compound to fill in the areas where you don't want bedding compound. (I stole this package from my grandson)
The areas that are a problem are from front to back are:
1. The area between the barrel nut and the barrel. Bedding will be forced into this area if you bed the area in front of the barrel nut.
2. The recesses or notches around the barrel nut. They grab bedding compound and you tear wood out of the stock when trying to get the action out.
3. The tab recess in the recoil lug.
4. The mag cut out just behind the forward action screw.
The area between the barrel nut and the barrel will be sealed with clear tape. The other areas will be filled with the high tech compound shown above.
The following pics should give you an idea of what needs to be done. The first pic shows the action without anything being filled in.
Make sure you fill in any notches that extend above the level of the stock. Then take some tape, I use packing tape and stretch one layer over the nut so that a little of the tape is stuck on the barrel to close up the area between the nut and barrel. Extend the tape above the level of the stock.
The following pic is the finished item covered with release agent ready for bedding.
Tape up your stock, and you are ready to go.
Hope this helps.