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Friday Flight - Cheap Chinese AI, Free Tax Filing, & Outpacing Inflation #939
Jan 31, 2025
This week’s financial insights dive into the impact of cheap Chinese AI on markets and the intricacies of credit card strategies. Discover tips for free tax filing, navigating side hustle income, and the importance of understanding tax obligations. The podcast also touches on rising retail theft, the consumer ethics surrounding it, and the challenges in the electric vehicle market, such as funding and privacy concerns. Get informed on how to combat debt and make smarter financial choices as inflation looms.
36:28
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Quick takeaways
- The emergence of cheap Chinese AI technology, like DeepSeek, is reshaping the market, causing significant shifts in stock values and competitiveness among tech firms.
- With the availability of free tax filing options through the IRS and other services, individuals can save money during tax season while evaluating their unique financial situations.
Deep dives
Maximizing Retirement Funds
An importance is placed on managing old retirement accounts, particularly 401(k)s. Utilizing a Fidelity rollover IRA can be beneficial since it has no account fees or minimums to open. The rollover process is stress-free, allowing individuals to transfer funds in under 15 minutes with assistance from rollover specialists. This can be especially useful for those who have switched jobs or are organizing their financial portfolios.
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