RETIREMENT Has CHANGED Forever Now That Trump Won | 1394

Epic Real Estate Investing

Matt Theriault

Education, Business, Investing, How To

4.8 • 955 Ratings

🗓️ 7 December 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we dive deep into how Donald Trump’s policies could fundamentally reshape retirement planning for millions of Americans. From Social Security to Medicare and taxes, the stakes are higher than ever, and the landscape is shifting fast. What does it mean for your retirement if Social Security benefits are no longer taxed? How will proposed changes to Medicare affect your healthcare costs in retirement? And what impact will Trump’s corporate tax cuts have on retirees’ savings and investments? We explore these critical questions and more, offering a thorough breakdown of how these policy shifts could create both challenges and opportunities for your financial future. With so much uncertainty, it’s more important than ever to adapt your retirement strategy to stay ahead of the curve. We’ll highlight key investment approaches, such as the potential of income-generating assets like real estate, to help safeguard your financial stability. This isn’t just another discussion of politics—it’s a roadmap for how to navigate the evolving economic landscape and secure your future. Whether you’re already retired or planning for the long term, this episode is packed with essential insights, practical tips, and expert strategies to help you take proactive control of your retirement. Don’t miss out—watch now and learn how to stay financially resilient in a rapidly changing world! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Terio Media.
0:04.0	Hey, strap in!
0:06.0	It's time for the epic real estate investing show.
0:09.0	We'll be your guides as we navigate the housing market,
0:12.0	the landscape of creative financing strategies, and everything you need to swap that office chair for a beach chair.
0:18.0	If you're looking for some one-on-one help, meet us at
0:21.6	rei-aise.com. Let's go. Let's go. Let's go. Let's go. Donald Trump is set to become our 47th
0:30.7	president. And regardless of your age, retirement planning, it just got a lot more complicated.
0:36.4	Trump's mold plans to shake up Social Security, Medicare, and taxes.
0:40.3	Your financial future may never look the same.
0:42.3	Whether you're retired, planning to retire, or just starting to save, the stakes have never
0:47.0	been higher.
0:48.0	Let's start with one of Trump's headline-grabbing ideas, eliminating taxes on Social Security benefits.
0:53.3	Now, on the surface, this sounds like a huge
0:55.4	win for retirees, especially those earning between $63,000 and $100,000 annually. More money in
1:01.5	your pocket, right? But here's the catch. Eliminating these taxes would cut Social Security's
1:06.1	revenue by $950 billion over the next decade. And that's just the beginning. Right now, Social Security is
1:13.3	already on track to face insolvency by 2034. But under Trump's proposed plan, that timeline
1:20.3	could accelerate by three years pushing insolvency to 2013. What happens then? Well, benefits
1:26.7	could face across-the-board cuts of up to 33%. I mean,
1:30.9	imagine losing a third of your income in retirement. That's not just inconvenient. That's life-changing.
1:36.6	And that's only six years away. How can you adapt to protect yourself? Well, stick with me because by the
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