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Podcast: Your Personal Bank
Episode: What Higher Bond Yields Means for Your Finances!
Description: Higher bond yields (interest rates) benefits savers and punishes borrowers.  How to thrive in a higher bond yield environment : 1. Pay down debt, particularly high interest debt. Your Personal Bank can accelerate debt pay-off. 2. Reduce market risk. Higher bond yields are a risk to stock market returns. Higher cost of borrowing tends to reduce company profits. 3. Increase returns in fixed assets to maximize returns. Dividend paying insurance policies, annuities, and guaranteed lifetime income historically pay the highest returns in the fixed asset space.   Many financial experts are calling this the "golden age" of fixed investments.  Even if the Trump administration does everyth...