GOBankingRates underscores that Gen X should reassess their financial strategies as Donald Trump approaches a possible second term. With potential changes in tax laws and Social Security, focusing on savings, diversification, and tax-advantaged accounts is vital. Christopher Stroup from Silicon Beach Financial highlights potential tax cuts could escalate deficits, impacting public services Gen X relies on. Stuart Schiffman emphasizes maximizing retirement contributions during peak earning years using catch-up contributions and Roth IRAs. Additionally, small lifestyle adjustments, like reducing takeout or strategic home buying, can bolster finances. Check more at GOBankingRates.
What financial strategy adjustments have you found most effective during economic shifts?
