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4 Things Retirees Shouldn't Do With Their Money Before Trump Takes Office

The article from MSN discusses four financial actions that retirees should avoid as Donald Trump prepares to take office, given the potential changes in economic policy and market conditions. Firstly, retirees are advised against making large, irreversible financial decisions like buying a new home or investing heavily in a single stock, due to the uncertainty in economic policy. Secondly, it warns against withdrawing large sums from retirement accounts, as tax policies might change, potentially affecting future tax liabilities. Thirdly, the article suggests not to panic and sell off investments, as market reactions to policy changes can be volatile but often stabilize over time. Lastly, it cautions against ignoring potential changes in healthcare policy, which could impact Medicare and out-of-pocket healthcare costs, advising retirees to stay informed and possibly adjust their health-related financial planning. The overarching theme is to maintain flexibility and caution in financial decisions during times of political transition.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/4-things-retirees-shouldn-t-do-with-their-money-before-trump-takes-office/ar-AA1wEEoM ]