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The Trump Economy Begins: 4 Money Moves Boomers Shouldn't Make Until After Inauguration Day

The Trump Economy Begins: 4 Money Moves Boomers Shouldn't Make Until After Inauguration Day


Published on 2024-12-28 11:41:09 - MSN
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  • However, after an initial tumble, many of these stocks, such as Enphase Energy, have been clawing their way back. As Trump has vowed to accelerate gas and oil production on day one of his second term, there could be another wave of selling as headlines ...

The article from MSN Money discusses financial strategies for Baby Boomers in light of the economic changes expected after the inauguration of Donald Trump. It highlights four key financial moves that Boomers should reconsider or delay until after the inauguration due to potential policy shifts. These include: 1) Delaying Social Security Benefits - with potential changes in Social Security, waiting might be beneficial. 2) Rethinking Retirement Accounts - considering adjustments in tax policies that could affect retirement savings. 3) Holding Off on Major Investments - due to possible changes in tax laws, interest rates, and economic policies. 4) Avoiding Large Purchases - like homes or cars, as economic conditions might change, affecting affordability and financing. The article advises Boomers to stay informed about policy changes and adapt their financial strategies accordingly to optimize their financial security in the new economic landscape.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/the-trump-economy-beginswww.goo4-money-moves-boomers-shouldn-t-make-until-after-inauguration-day/ar-AA1wzID2 ]
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