Here’s How President Trump’s Many Executive Orders Could Impact Retirees

On his first day back in the White House, President Donald Trump issued a flurry of executive orders that could significantly impact retirees’ finances . Learn More: 9 Ways Your Estate Planning Strategy Should Change Under Trump Try This: Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck From investment policy changes to tariffs that could drive up prices, Trump’s executive orders could affect everything from retirement savings to grocery costs. “Retirement should be about enjoying your golden years instead of worrying about money, but with all the potential policy changes, it’s easy to feel like you’re chasing your tail,” said Kraig Kleeman, founder and CEO of The New Workforce.

Trump signed more than 20 executive orders on his first day. Here’s how they could affect retirees . Reshaping Retirement Investments What’s changing: Trump announced a federal government fund to invest $5.



7 trillion in federal assets and build national wealth. The administration said sovereign funds are common worldwide and that a U.S.

-based one could help “lessen the burden of taxes” and promote “long-term economic security.” Discover More: 4 Ways Trump’s Win Could Affect the Housing Market in 2025 How it affects retirees: Details are still emerging. However, economists at the Peterson Institute for International Economics said the fund could affect public pensions, Social Security investments and stock market trends if the U.

S. sovereign wealth fund prioritizes domestic investments, directs capital toward specific industries or supplements Social Security reserves. What retirees can do: Diversify investments to protect against market volatility caused by the fund’s influence.

Monitor Social Security discussions to see if the fund impacts benefits. Adjust household budgets for inflation if the fund contributes to rising costs. Reinstating Tariffs What’s changing: As of Feb.

10, Trump reinstated the full 25% tariff on steel imports and increased tariffs on aluminum imports to 25% to “strengthen America’s manufacturing industry.” How it affects retirees: Wayne Winegarden, an economist at the Pacific Research Institute, said tariffs are taxes. “When imposed on products like steel, those price increases will be large and pervasive.

Tariffs will make the cost of living less affordable and worsen retirees’ living standards.” What retirees can do: Look for domestic alternatives to imported goods that could face higher tariffs, such as electronics, cars and trucks, canned goods and household appliances. Buy in bulk and use discount programs to offset price increases.

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