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Consistent savings and investment habits over a long period of time outweigh any short-term distractions of election year politics.
GOBanking Rates talked to economic experts about four reasonsyour retirement savings wont be enoughif Harris wins in November.
That change would affect single filers making over $400,000 and joint filers earning over $450,000.
One of Vice President Harris most troublesome proposals is raising thecapital gains tax, Griffith said.
Under Harris, corporations would see their tax rate increase from 21% to 28%.
All of these factors play a role in how much your 401(k) or IRA is worth.
Inflation
Americans are paying more for daily essentials like groceries, gas, and housing.
In fact, about 3 million Americans owe more than$10,000 in medical debt.
But will those measures go far enough to offset your retirement savings?
However, the funding may come from reduced benefits from retirees with higher income.
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