The Trump Administration Keeps Tariff Promises, While the Stock Market Rout Continues. Here's My Advice to Retirees During Volatile Markets
Tariffs create an exceptionally uncertain environment for retirees; here's a plan to get through it both wealthier and wiser.
President Donald Trump had been touting the announcement of tariffs, which he said will restore America's manufacturing base and improve the country's economic security and standing over time. However, the stock market was still caught flat-footed by just how aggressive and expansive the tariffs Trump proposed on April 2 were.
Since then, stocks have suffered their sharpest sell-off since early in the COVID-19 pandemic, five years ago. As the market extends its weeks-long decline, many retirees are struggling as they watch their retirement accounts suffer rapid losses. Meanwhile, they may also be wondering how the now new tariff policies will impact their cost of living.
Here's my advice to retirees looking for stability in this volatile market.
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