GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Trump signed more than 20 executive orders on his first day.
Heres how theycould affect retirees.
How it affects retirees:Details are still emerging.
What retirees can do:Diversify investments to protect against market volatility sparked by the funds influence.
Monitor Social Security discussions to see if the fund impacts benefits.
Adjust household budgets for inflation if the fund contributes to rising costs.
When imposed on products like steel, those price increases will be large and pervasive.
Tariffs will make the cost of living less affordable and worsen retirees living standards.
Buy in bulk and use discount programs to offset price increases.
But it doesnt reverse the Inflation Reduction Act provisions.
These provisions include those affecting price negotiations with drug companies for the most commonly used drugs.
What retirees can do:Use discount programs or manufacturer coupons to lower prescription drug costs.
Ask doctors about generic or lower-cost alternatives to expensive brand-name prescriptions.
Use open enrollment periods to compare plans and find the most cost-effective options.
How it affects retirees:Deregulation is a double-edged sword.
More From GOBankingRates
Share This Article:
