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GOBankingRates spoke to financial experts to figure out exactly what might happen after Nov. 5.
Lets break downhow Trump might affect your retirement if you live in North Carolina.
In other words, your vote in North Carolina carries some serious weight.
The Tax Cut Temptation
One of Trumps main focuses is on cutting taxes.
According to Ambrose, Trumps policies could significantly shape your retirement finances.
For some North Carolina retirees especially those in the higher income brackets this could sound like good news.
If youre in this group, you might see a bit more cash in your pocket.
The Business First Approach
Anthony DeLuca fromRetireGuidegave us a peek at Trumps bigger picture for North Carolina.
On a macro level, Trump is very much a businessman, he said.
All of these above initiatives are going to help spur small to medium-sized businesses.
While these policies arent directly aimed at retirees, they could have a ripple effect.
Trumps goal is to grow the economy and keep jobs in-state, DeLuca explained.
Thats going to affect an individuals ability to earn a living and save for retirement.
Ambrose noted, potential cuts to federal programs likeSocial Security or Medicarecould mean higher out-of-pocket costs down the line.
The Trade Talk
Trump has also been vocal about trade policies.
Trump referred to North Carolina as the furniture capital of the world,' said DeLuca.
He also discussed how he replaced theNorth American Free Trade Agreementwith the United States-Mexico-Canada Agreement.
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