Trumponomics is making a comeback. So, if you’re a retiree or have a 401(k) or IRA retirement account and you’re wondering what it all means for your bottom line, you’re not alone. Donald Trump’s return to the White House means new economic policies are heading to a Main Street near you. Whatever your age, your retirement planning strategy may need a rethink.
On the campaign trail, Trump 2.0’s main pocketbook promises were to extend his 2017 tax cuts for workers, push for deeper tax cuts for corporations, protect Social Security, end inflation, lower everyday costs and make housing more affordable. To help pay for it all, Trump plans to boost revenue with his pro-growth platform by slapping tariffs on foreign-made goods entering the U.S.
