Tag #Financial Advice

cbsnews.com
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Five Strategies to Reduce High Credit Card Interest Rates in 2025

With average American credit card debt exceeding \$8,000 and interest rates near 23%, multiple strategies exist to reduce interest charges, including balance transfer cards, negotiating lower rates, extra payments, debt consolidation, and the avalanche method.

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44% Bias Score

Reduced Inequality
cbsnews.com
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Strategic CD Investing Amidst Falling Interest Rates

Falling CD interest rates due to Federal Reserve rate cuts necessitate a strategic approach to CD investments; financial experts advise prioritizing emergency funds and debt reduction, then allocating funds to CDs based on individual financial situations and life goals, balancing them with other sav...

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36% Bias Score

Reduced Inequality
cnbc.com
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Millionaire Investing Tips: Simplicity, Automation, and Advisor Vetting

Three self-made millionaires share their investing wisdom, emphasizing the importance of simple, low-cost index funds, early and automated investing, and careful selection of financial advisors to maximize long-term wealth growth.

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36% Bias Score

Reduced Inequality
theglobeandmail.com
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Trump Policies Spark Investor Fears, Underscoring Need for Cautious Investment Strategies

Concerns rise among investors about President-elect Trump's potential negative impact on the stock market; a Vanguard study reveals that 86% of investors who sold stocks during the 2020 pandemic underperformed those who stayed invested; the article advises against panic selling and suggests building...

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48% Bias Score

Reduced Inequality
forbes.com
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Optimizing Retirement Fund Withdrawals: A Tax-Efficient Strategy

The optimal retirement withdrawal strategy involves prioritizing taxable accounts, then tax-deferred accounts (considering RMDs starting at age 73 or 75), and finally Roth accounts; delaying Social Security benefits to age 70 maximizes income, and an emergency fund mitigates unexpected expenses.

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36% Bias Score

No Poverty
theglobeandmail.com
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Conflicts of Interest in Canada's Financial Advisory System

Canada's financial advisory system faces conflicts of interest due to commission structures, insufficient regulations, and industry lobbying, undermining client trust and professional integrity; systemic reforms are needed to align client, advisor, and firm interests.

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36% Bias Score

cbsnews.com
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Securing Lower Mortgage Rates in 2025: Proactive Strategies for Homebuyers

Rising mortgage interest rates are impacting homebuyers in 2025; however, proactive strategies such as improving credit scores, increasing down payments, and comparing loan terms can help secure lower rates, despite the Federal Reserve's planned rate cuts.

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36% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 65% Global Worthiness
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Financial Advisors Share Personal Journeys in Globe Advisor Series

Globe Advisor's "Behind the Advice" series profiles financial advisors, sharing their personal financial journeys and how life experiences shape their professional advice, featuring diverse stories of overcoming challenges to achieve success.

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28% Bias Score

Reduced Inequality
cbsnews.com
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2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook

The average 30-year mortgage rate started 2024 at 6.62%, reached a high of 7.22% in May, fell to 6.07% in September, and currently sits at 6.60%, with future rate cuts anticipated, influencing the viability of refinancing in 2025 based on individual circumstances.

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40% Bias Score

Reduced Inequality
votreargent.lexpress.fr
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French Homebuyers Save Thousands by Switching Mortgage Insurance

French homebuyers can save up to \u20ac15,000 on mortgage insurance by switching from bank-provided coverage to external insurers, thanks to the 2022 Lemoine law allowing for easy switching, despite banks' pressure tactics.

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48% Bias Score

Reduced Inequality
nbcnews.com
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Year-End Tax Strategies to Reduce 2024 Tax Liability

Individuals can lower their 2024 tax bill or raise their refund by maximizing Health Savings Account (HSA) contributions up to $4,150 (self) or $8,300 (family) and donating appreciated assets to charities before the December 31 deadline.

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40% Bias Score

Reduced Inequality