Student Loan Forbearance Doubles After SAVE Plan Repeal; Grant Cardone Warns of High Retirement Taxes
Key Takeaways
- Student loan forbearance doubled to 10.3M in Q3 2025 after SAVE plan repeal.
- Grant Cardone warns taxes could consume up to 90% of retirement withdrawals.
- Switching to high-yield savings can earn $1,350 annually versus $3 in traditional accounts.
- Dave Ramsey advises pausing 401(k) to aggressively pay off debt using the snowball.
- Retirees can save $1,450 monthly by adopting extreme frugality strategies.
Top Stories
Student loan forbearance doubled to 10.3 million in Q3 2025 after SAVE plan repeal.
By September 2025, student loan borrowers in forbearance doubled to 10.3 million due to the SAVE plan repeal and repayment plan backlogs, impacting financial planning.
Grant Cardone warns taxes could consume up to 90% of retirement withdrawals.
In 2025, Grant Cardone cautions that future tax rates may reach 90%, threatening retirement savings, urging tax-advantaged income streams as key financial advice.
Switching to high-yield savings can earn $1,350 annually versus $3 in traditional accounts.
In 2025, moving $30,000 to a 4.50% APY high-yield savings account can yield $1,350 interest yearly, vastly outperforming near-zero traditional bank rates.
Dave Ramsey advises pausing 401(k) to aggressively pay off debt using the debt snowball.
In September 2025, Dave Ramsey recommends stopping 401(k) contributions to build emergency funds and aggressively pay off debt with the snowball method before resuming retirement investing.
Retirees can save $1,450 monthly by adopting extreme frugality strategies.
Published September 3, 2025, the article advises retirees to reduce expenses drastically to manage rising healthcare and inflation costs, improving financial stability.
Debt-Free Living
Experts recommend negotiation, counseling, and debt snowball to manage rising U.S. consumer debt.
In September 2025, financial experts advise U.S. consumers to combine debt negotiation, credit counseling, and the debt snowball method to address growing debt and high interest rates.
Medical debt from ER visits can negatively impact credit scores.
In September 2025, medical bills from ER visits, averaging $2,715, are shown to potentially damage credit scores, highlighting a financial risk.
Negotiation tactics can lower bills and accelerate debt payoff.
On September 3, 2025, Rose Han shares negotiation techniques like anchoring and framing to reduce bills and pay off $100,000 debt, key for financial management.
46% carry credit card debt; motivations to pay off include high interest and emergencies.
Bankrate reports 46% of credit cardholders have balances; Reddit users cite interest and emergencies as key reasons to pay off debt.
Financial Careers
CFP® professionals earn 13% more and report 84% career fulfillment in 2025.
The 2025 CFP Board study shows CFP® planners earn a median $185,000 and have high job satisfaction, highlighting value in financial advice careers.
Investing Insights
BlackRock promotes non-traditional assets in portfolios amid economic uncertainty.
In 2025, BlackRock's Kristy Akullian emphasizes including non-traditional assets through ETFs to diversify portfolios during uncertain markets.
T-bills and CDs differ in issuer, tax treatment, and liquidity for short-term investing.
On September 3, 2025, Investopedia explains T-bills offer tax advantages and liquidity, while CDs provide fixed rates, guiding short-term investment choices.
Gold-rated short-term bond ETFs offer controlled volatility and competitive fees.
In September 2025, Morningstar recommends ETFs like MINT, VGSH, and JPIE for maximizing short-term bond returns with low volatility.
Money Management 101
Six strategies help couples improve financial communication and trust.
On September 4, 2025, MoneyTalksNews outlines six strategies for couples to navigate finances openly, reducing stress and building trust, essential for joint money management.
Financial planners recommend boosting emergency funds or paying high-interest debt with windfalls.
In September 2025, experts advise using a $5,000 windfall to build emergency savings or reduce high-interest debt, key steps in sound financial advice.
NFL's Brandon Copeland advocates financial literacy and multiple income streams.
On September 3, 2025, Brandon Copeland shares his money playbook focusing on income diversification, budgeting, and wealth protection to empower underserved communities.
Five money-saving tips help millennials budget holiday expenses effectively.
On September 2, 2025, GOBankingRates recommends millennials use budgeting, spending caps, and early saving to avoid holiday debt and maintain financial goals.
Five Canadian finance experts advise on credit, spending, and bursaries.
On September 2, 2025, NerdWallet Canada highlights expert tips on credit card use, bursaries, overdrafts, and prioritizing experiences for financial well-being.
Job, family, and financial changes signal need for advisor advice in 30s.
In 2025, experts advise individuals in their 30s to consult financial advisors during major life and financial transitions for better planning.
Protect Your Assets
Proposal for watchdogs to prevent fraud in public pension funds.
In 2025, wsj.com advocates establishing independent inspectors general to ensure transparency and prevent fraud in public pension fund management.
Five reasons middle-class families skip long-term care insurance despite risks.
In 2025, experts note middle-class families underestimate long-term care needs and costs, often avoiding insurance that could protect retirement finances.
Real Estate Guide
Mortgage rates drop to 6.5%, aiding homebuyers amid high prices and cash purchases.
In September 2025, mortgage rates fell to 6.5%, improving affordability slightly, while 31% of homebuyers paid cash, highlighting strategic financial decisions.
Retirement Ready
Flooring method ensures steady retirement income covering basic needs.
Experts in 2025 recommend the flooring approach to retirement, securing steady income streams for essentials like housing and healthcare, aligning with prudent financial planning.
Strategies to start retirement's active 'go-go' years early for well-being.
On September 4, 2025, Andrew Rosen advises incorporating adventure and balance early in retirement's 'go-go' years to enhance well-being and career vitality.
Most Americans show poor retirement financial literacy in recent surveys.
Surveys from 2017 and 2024 reveal low retirement financial knowledge among Americans, underscoring the need for improved financial education.
Smart Saving Strategies
Top financial habits of wealthy clients include aggressive saving and expert guidance.
In 2025, Malik S. Lee highlights that wealthy clients save over 25% of income and use expert teams to protect wealth, key for effective financial advice.