“Some of these models are targeted at specific industries and applications like mortgages, auto loans, and bank cards,” says Rob Burnette, an investment advisor at Outlook Financial Center in Troy, Ohio.
"Just because they are advertising a low rate doesn't mean you'll be eligible," said Lori Gross, a financial adviser at Outlook Financial Center in Troy, Ohio. "You have introductory offers on cards which can be a way to get a low rate to begin with, but after 12-13 months your APR will jump."
“These funds receive an agreed-upon interest rate and are often laddered to mature over a specified time frame, allowing for preservation of capital with a rotating stream of income,” says Lori Gross, an investment advisor at Ohio-based Outlook Financial Center.
“You might want to wait for those 1099-Bs because they can have a significant impact on your tax return,” said Rob Burnette, chief executive and investment advisor representative at Outlook Financial Center.
“We’re seeing a much larger increase in the standard deduction than was originally forecast,” said Rob Burnette, CEO, financial advisor and professional tax preparer at Outlook Financial Center in Troy, Ohio.
If your credit card balance already seems unmanageable, “it’s time to cut it up and focus on paying it off,” said Lori Gross, financial advisor at Outlook Financial Center in Troy, Ohio.