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Here are three things that could become less expensive forretirees under the Trump administration.
More cash flow, less stress, said Lucas Barcelo, founder ofThrivin Life.
However, eliminating taxes could accelerate the insolvency date of Social Security trust funds.
Prescription Drugs
Healthcare expenses often put a strain on retirees pockets.
But with Trump in office, prescription drugs will likely be less expensive.
That would be a huge win, especially considering how much of their budget goes toward healthcare.
This would be a much-needed change for the retired community, added Barcelo.
Trump also vowed that he wont make any cuts to Medicare benefits, meaning seniors wont lose access.
This is a significant cost for many retirees.
Gas and Energy
Gas and utility bills are the most common household expenses for many retirees.
Saving money on these expenses would mean extra cash for other essentials.
Trump has been quoted saying, Drill baby, drill.
Trumps energy-friendly policies should lead to lower gas pump and utility bill costs, Meyer said.
Cheaper energy usually means lower utility bills, and thats something retirees definitely appreciate.
Less money spent keeping the lights on means more left over for other stuff.
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