5 Ways Trump Presidency Could Change Retirement in America

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Lower interest rates

If Trump is able to influence the Fed to cut rates further, this will result in an advantage for retirees. Those who have variable-rate debts, such as equity lines of credit or credit card balances, will pay less than they used to.

But this is not all! Everyone who relies on fixed-income investments like bonds, CDs, or annuities will also get more money because the yields or interest payments will decrease and they will see a rise in bond prices.

Also, a reduction in borrowing costs will make housing more affordable, and this is perfect for any retiree who wants to downsize or relocate to lower-cost areas. Real estate agents believe that the new Trump policies will boost the value of real estate investments.

But as you would expect, this is not good news for everyone. For example, retirees who have large cash holdings in savings accounts or money market funds will get less money on these assets. Also, those who are approaching retirement age can be affected by the lower interest rates because their purchasing power will be reduced, which means it will be harder for them to create nest eggs.

8 Responses

  1. I have always been under the impression that the next generations taxes are what pays for this generation of retirees so if thats true then the current retirees now should not be paying taxes.
    Also why should they be paying taxes on the money thats already been taxed that is owed to them for paying into the system with their taxes for all those years prior with their money that they earned and was taxed already ?

  2. I sure hope that he doesn’t take away income from our retirement or Social Security! With food prices and Heath care expenses so high the people of The USA are already having a difficult time with just buying food! I’m going through rough times right now with losing my husband of 39 years and my income I go without food . This country needs more Not Less. I don’t think Trump has ever gone HUNGRY! SO Mr. PRESIDENT Donald TRUMP please think about it before you take our retirement income down! We need an increase.

  3. What does this article accomplish? It does not answer the question it asks. Instead, it just gives one more worry and questions. Not informative. Just confusing.

  4. I am a 65 year old person on a fixed SSDI income and don’t get enough money already from Social Security to live on and I do Not have any penchant for a job retirement I just get 22K a year a year from Soc Sec. and that’s all I get plus $45.00 in food stamps EBT a month I he cuts benefits I don’t know what I will do.

  5. I DO NOT AGREE with POS idea to change Social Security. Reasons; how is this going to affect people who are on Physical Disabilities???? Mental Health Disabilities???? There are SO MANY PEOPLE who are Mentally AND Physically Disabled!!!
    How does (DUMB ASS) propose to do this??? I am retiring in a couple of days. I am looking forward to NOT HAVING TO WORK!!! Unless, I chose to!!!
    This POS DOES NOT CARE about ANYONE, but itself!!!! And, wanting to RUN this Country INTO the GROUND!!
    The ONE thing it cares about IS MONEY and NOT EVER paying FOR ANYTHING!!! And, being king…😡
    Or, hand it over to its Butt Buddy; putin????? it IS A DISGRACE to the United States of America!!!
    It should have been CONVICTED of its CRIMES and PUT IN JAIL!; when it tried to OVER THROUGH the GOVERNMENT on JANUARY 6th!!!!!

  6. Let”s see the issues in what Trump wants to make happen before we see all the maybe bad this that could happen.

  7. any money drawed out that has not paid tax on should b taxable. There is to many loop holes to avoid paying taxes. They only help the rich not the poor. Cost of living raises should be the same for everyone, not a % of everyones benifiet. again this only helps the rich (who dosen’t need it) and the poor keep geting poorer.

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