Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, November 26, 2024
[ 04:20 PM ] - United States, Thomas Matters
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The Trump Economy Begins: 4 Money Moves Retirees Should Make Before Inauguration Day
- A change in presidential economic policy generates curiosity and concern about the direction and flow of interest rates or which economic sectors could flourish under the upcoming
The article from MSN Money discusses financial strategies for retirees in anticipation of economic changes following Donald Trump's inauguration. It highlights four key financial moves retirees should consider: 1) Reviewing and Adjusting Investment Portfolios - Given potential policy shifts, retirees are advised to reassess their investment strategies, possibly shifting towards more conservative investments or diversifying to mitigate risks. 2) Healthcare Planning - With possible changes to healthcare laws, retirees should look into securing their health insurance, understanding potential impacts on Medicare, and considering supplemental insurance. 3) Tax Planning - Anticipating tax policy changes, retirees might need to adjust their tax strategies, possibly accelerating income or making Roth IRA conversions to manage future tax liabilities. 4) Social Security Decisions - With potential alterations to Social Security, retirees should decide when to start taking benefits, considering the financial implications of early or delayed claiming. The article emphasizes proactive financial management to navigate the uncertainties of the incoming administration's economic policies.
Read the Full MSN Article at [ https://www.msn.com/en-us/money/economy/the-trump-economy-begins-4-money-moves-retirees-should-make-before-inauguration-day/ar-AA1uMMwd ]
Read the Full MSN Article at [ https://www.msn.com/en-us/money/economy/the-trump-economy-begins-4-money-moves-retirees-should-make-before-inauguration-day/ar-AA1uMMwd ]
