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So you could have a reversal ofall the gainsweve had, Spencer said.
This could hit soon-to-be retirees hard, forcing them to delay retirement.
However, be wary of unintended consequences that may have a long-term impact on the economy, Stanley said.
For instance, some experts say the 2007 housing crisis began with deregulation in the 70s and 80s.
Spencer said there can be some upsides to increased tariffs, too.
He said, Your productivity goes up as companies are forced to be more productive because competition goes up.
Additionally, Stanley said that Trumps implementation of tariffs could help boost other market segments.
Social Security Changes
Social Security is a big concern for retirees.
However Spencer said that anyone currently receiving benefits largely boomers should not worry.
Therefore, dont overreact to every soundbite.
Dont make any rash decisions based on media headlines.
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