Retirement planning, not so much.
But several issues will likely come into focus thatcould affect your retirement savings.
But the question of how the administration will pay for these tax cuts lingers.
Some experts warn, though, that Trump’s policies could lead tohigher inflationandstock market volatility.
Social Security has been paying out more than it collects through payroll taxes since 2021.
Eliminating the Social Security tax would benefit current retirees, letting them keep more money.
So far, though, crypto makes up less than 1% of retirement access.
One reason is that retirement plan administrators are fiduciaries.
The administration is also expected to loosen regulatory restrictions.
Trump hasn’t said much recently about changes to RMDs.
Under the Secure Act 2.0, RMD age will increase to 75 in 2033.
Should you change your retirement strategy?
Regardless of policy changes, experts advise against relying solely on Social Security benefits for covering expenses in retirement.
Yu cautions against shifting your investment strategy in response to market uncertainty.
“With the new administration, some of the tariffs might not be fully realized.
These can be negotiation tactics.
When there’s so much uncertainty, it’s hard to position yourself.”
As for Medicare, she suggests saving now for future health care expenses.
