Today’s article notes that while, “as a candidate, Donald Trump barely mentioned America’s retirement crisis…As president, he will have enormous power over the issue, bolstered by Republican control of the U.S. Senate and House of Representatives.” So in what ways might the impending Trump presidency affect the retirements of Americans? The author looks at the impact his administration may have on Social Security, financial advice, automatic IRAs and 401(k)s. To read more – including how Trump’s proposed tax cuts might impact Social Security and what the fate of the fiduciary rule set forth by President Obama’s Department of Labor may be – CLICK HERE.
How would a Hillary Clinton, Donald Trump (or Libertarian candidate Gary Johnson) win in November impact a current retiree or soon-to-be retiree? Today’s two-part article provides a retirement-focused overview of the candidates’ positions on Social Security, as well as Medicare and Medicaid. For the candidates’ stated positions on raising the retirement age and protecting Social Security, CLICK HERE to read part one. To read about the candidates’ positions on Medicare and Medicaid, CLICK HERE to read part two.
“The most studied species of today – after Donald Trump supporters – has to be the millennial…Of particular interest is their financial standing. Standard take: It’s grim.” In today’s article the author – a millennial herself – outlines why millennials need not necessarily subscribe to the commonly-held belief that they will be worse off in retirement than older generations. What does the author see as the biggest advantage millennials possess? What role does she see Social Security playing in the retirement plans of millennials? And how might the pessimism millennials report feeling about retirement actually be a good thing? CLICK HERE to find out.