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President-elect Donald Trump speaks to the press following a meeting with Senate Republicans at the U.

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Potential benefits could include tax reductions or more favorable policies on retirement savings.

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This may result in increased disposable income and investment growth in the long term.

Here are five ways Trumps first and second termscould be different for retirees.

However, Trump is closer to the edge of Social Securitys fiscal cliff.

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This is problematic, because both programs are on financially unsustainable paths.

Without reforms, retiree benefits will be cut significantly.

Retirees could see continued deregulation, potentially enhancing options, Stroup said.

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This change could possibly come at the cost of more risk and fewer protections.

However, comprehensive reforms would face significant political challenges.

This inflates out-of-pocket costs for patients.

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Reconsidering this bill would be a positive change that could help lower patients health care spending on drugs.

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