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In the Trump economy, here are six ways financial deregulationcould impact retirees.
In addition, deregulation could shift relative prices, potentially impacting retirees depending on their current asset allocations.
Deregulation can create new investment opportunities that could help retirees, Winegarden said.
However, Stroup cautioned that fewer protections and more complex financial products could also emerge.
Comparing options and understanding the fine print remains essential for retirees, Stroup said.
Deregulation can help encourage this trend and allow retirees to earn more interest income without taking on higher risks.
These policies enabled companies to offer more credit products and streamlined the loan approval process.
Another possible payoff is that financial product innovation could provide new tools for managing healthcare costs.
Relaxed regulations could lead to higher interest rates or less favorable terms, Stroup said.
This may require retirees to carefully evaluate loan offers and ensure affordability in the long term.
Never invest in something you dont understand, Winegarden said.
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