In this episode of the Providence Financial Retirement Show, we discuss the recent implementation of President Trump's tariffs and their potential impact on the economy and retirees. With tariffs reaching up to 145% on Chinese imports, consumers may face higher prices on everyday goods, from electronics to clothing.
Anthony discusses how these tariffs, intended to protect domestic industries and influence trade negotiations, can lead to increased inflation and market volatility. For retirees on fixed incomes, this could mean a decrease in purchasing power and potential adjustments to retirement plans.
The episode also explores strategies to mitigate these risks, emphasizing the importance of diversification and a balanced portfolio. By understanding the broader economic implications of tariffs, retirees can make informed decisions to safeguard their financial future.
Listen in to gain insights on how to navigate the complexities of the current economic landscape and ensure a stable and secure retirement.
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LET’S CONNECT
Show website:
https://www.providencefinancialpodcast.com
Find us at:
https://www.providencefinancialinc.com
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https://anthonysaccaro.com
Anthony's book:
https://morelifethanmoneybook.com
Amazon Author Page:
https://amazon/author/anthonysaccaro
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https://www.youtube.com/c/AnthonySaccaro/featured
Radio:
https://www.providencefinancialradio.com
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https://www.yelp.com/biz/providence-financial-and-insurance-services-inc-woodland-hills
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