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The Trump Economy Begins: 4 Money Moves Retirees Should Make Before Inauguration Day

The Trump Economy Begins: 4 Money Moves Retirees Should Make Before Inauguration Day

^{Published on 2025-01-05 06:01:05 - MSN}

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 light of the economic changes expected under a new Trump administration. It highlights four key financial moves retirees should consider before Inauguration Day. Firstly, it suggests reviewing and possibly adjusting investment portfolios due to potential policy shifts that could affect market sectors like healthcare, energy, and finance. Secondly, it advises looking into tax planning, as changes in tax laws could impact retirement income, especially with potential tax cuts or reforms. Thirdly, the article recommends reassessing healthcare costs, given the uncertainty around healthcare policy which could influence Medicare and out-of-pocket expenses. Lastly, it encourages retirees to consider inflation protection strategies, as economic policies might lead to inflation, affecting the purchasing power of fixed incomes. The piece emphasizes proactive financial management to navigate the anticipated economic landscape under the new administration.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/the-trump-economy-begins-4-money-moves-retirees-should-make-before-inauguration-day/ar-AA1uMMwd ]

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