How Trump's Win Will Impact Your Whole Financial Life

Blockhead11-14

Promises to improve Americans' personal finances paved Donald Trump's road back to the White House. But will the Trump 2.0 agenda make you better off? ↑ X Donald Trump Wins 2024 Election: What ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2483487459?lang=en_US&edition=fundamental","thumbnail":"https://www.investors.com/wp-content/uploads/2020/11/Stock-trump2020-08-shutt-150x150.jpg","is_english":true,"pubTime":"2024-11-14 20:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2483487459","market":"sg","top_or_hot":-1,"title":"How Trump's Win Will Impact Your Whole Financial Life","media":"Blockhead","content":"<div>\n<p>Promises to improve Americans' personal finances paved Donald Trump's road back to the White House. But will the Trump 2.0 agenda make you better off?\n\n\n\n↑\nX\n\n\n\n\nDonald Trump Wins 2024 Election: What ...</p>\n\n<a href=\"https://www.investors.com/etfs-and-funds/personal-finance/trump-win-will-impact-your-whole-financial-life/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Trump's Win Will Impact Your Whole Financial Life</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Trump's Win Will Impact Your Whole Financial Life\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/etfs-and-funds/personal-finance/trump-win-will-impact-your-whole-financial-life/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Promises to improve Americans' personal finances paved Donald Trump's road back to the White House. But will the Trump 2.0 agenda make you better off?\n\n\n\n↑\nX\n\n\n\n\nDonald Trump Wins 2024 Election: What ...</p>\n\n<a href=\"https://www.investors.com/etfs-and-funds/personal-finance/trump-win-will-impact-your-whole-financial-life/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://www.investors.com/etfs-and-funds/personal-finance/trump-win-will-impact-your-whole-financial-life/","article_id":"2483487459","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2020/11/Stock-trump2020-08-shutt-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483487459","pubTimestamp":1731585618,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Promises to improve Americans' personal finances paved Donald Trump's road back to the White House. But will the Trump 2.0 agenda make you better off?","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","BK4219":"电信塔房地产信托","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","BLK.AU":"Blackham Resources Ltd","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0731783048.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) INC MONTHLY (G)","TROW":"普信集团","BK4554":"元宇宙及AR概念","LU0742537680.HKD":"FIDELITY GLOBAL DIVIDEND \"A \" (HKD) INC","BK4567":"ESG概念","BK7007":"医疗保健设备","BK4585":"ETF&股票定投概念","LU1481011671.HKD":"FIDELITY GLOBAL DIVIDEND \"A\" (HKDHDG) INC","AMT.AU":"ALLEGRA MEDICAL TECHNOLOGIES","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","AMT":"美国电塔","BK4534":"瑞士信贷持仓","LU1481011911.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USDHDG) INC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","BK4535":"淡马锡持仓","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BLK":"贝莱德","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4588":"碎股","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","BK4084":"特种房地产投资信托","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","BK7501":"新冠治疗股","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","BK4581":"高盛持仓","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4504":"桥水持仓"},"translate_title":"特朗普的胜利将如何影响您的整个财务生活","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMT.AU":1,"TROW":1,"BLK.AU":1,"BLK":1,"AMT":1},"content_text":"Promises to improve Americans' personal finances paved Donald Trump's road back to the White House. But will the Trump 2.0 agenda make you better off?\n\n\n\n↑\nX\n\n\n\n\nDonald Trump Wins 2024 Election: What It Means For Market Trends, Tesla Stock And Cryptocurrency Prices\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nDonald Trump Wins 2024 Election: What It Means For Market Trends, Tesla Stock And Cryptocurrency Prices\n\n\n\n\nTrump seeks to make his 2017 tax cuts that expire at the end of 2025 permanent. He might pursue even more cuts, including tax breaks for big business. He's also pushing for less regulation.\nHe promises to fight for and protect Social Security and Medicare with no cuts or changes to the retirement age. He also pledges to slash inflation and reduce roadblocks to the buildout of cryptocurrencies like bitcoin.\nThe president-elect also wants to eliminate taxes on Social Security, which the IRS says impacts 40% of Americans who get benefits. He's calling for no taxes on tips for hospitality workers or overtime pay. He wants to do away with the cap on state and local tax deductions, better known as SALT.\nWho Pays For All The Perks?\nThe incoming president plans to pay for his economic initiatives by slapping tariffs on imported goods. But economists warn that lower taxes and tariffs will result in higher prices for goods.\nAmericans shouldn't do much with their money until they see which policies become law, says Mike Valenti, director of tax planning at Carson Group.\n\"We are encouraging clients to take a wait-and-see approach,\" said Valenti. \"The most important thing is to not have a knee-jerk reaction when it comes to your finances and make drastic changes right away.\"\nSo, how will Trump's policies impact your financial life?\nTaxes And Trump\nHeading into the election, the biggest wild card was whether key provisions of the Tax Cuts and Job Act (TCJA) of 2017 would be extended by Congress. Trump's win and what looks like a Republican sweep of Congress boosts the odds that they will.\nA continuation of current tax policy should stabilize people's taxes.  \"Tax policy is now going to be a nonevent for most people,\" said Jamie Cox, managing partner and financial advisor at Harris Financial Group.\n\"Extending TCJA … would avoid one of the largest nominal tax hikes in U.S. history,\" said Gil Fortgang, a Washington associate analyst at T. Rowe Price (TROW).\nAmericans will continue to benefit from lower income-tax brackets and the larger standard deduction on Form-1040. The $2,000 child tax credit will survive as well. The Alternative Minimum Tax (AMT) will ensnare fewer taxpayers.\n\"This was Trump's signature tax code (overhaul), and we may get some permanency there, which should be beneficial,\" said Jason Grover, financial planning specialist at Grover Financial Services.\nClarity on taxes is another plus, adds Grover. Why? It gives Americans more certainty as to what their after-tax pay and tax bill will look like in 2025 and beyond.\nTaxes To Rise In The Future?\nStill, government deficits are expected to rise due to Trump's tax and tariff policies. Some investment pros fear taxes will have to go up at some point. As a result, they're recommending clients take steps now to benefit from lower income-tax brackets.\nIn fact, one financial advisor advises clients to move capital into Roth IRAs to benefit from tax-free withdrawals down the road.\nThe extension of the Trump tax cuts buys time for investors and retirement savers to shift money out of traditional 401(k)s and IRAs. These vehicles are taxed at higher ordinary income rates.\n\"We have a math problem with all this spending no matter which party won,\" said Chris Hernandez, founding partner at Strategic Capital. \"So, the type of planning we're doing now is to take advantage of lower rates by converting as many dollars as possible to Roth dollars. There's still a sense of urgency.\"\nEstate Planning And Trump\nIf the TCJA becomes permanent, financial pros expect Trump to extend the higher estate-tax exemption. The exemption in 2024 is $13.6 million per individual and $27.2 million for couples. And that means high-net-worth Americans will still shield sizable assets from taxes.\nThe Trump win and expected Republican sweep in Congress also mean the odds of eliminating the so-called step-up in cost basis are lower, says Cox. The current taxation of assets of the deceased — which are valued at the time of the deceased's death — will likely remain intact. The step-up in cost basis mainly benefits the wealthy, says Cox.\nRetirement Planning And Trump\nThe stock market is expected to respond favorably to Trump's platform of growth, deregulation and lower corporate taxes, experts say.\nIf Trump can further reduce corporate tax rates, the savings will fall straight to companies' bottom lines, says Daniel Milan, a founding partner and chief investment officer at Cornerstone Financial Services.\n\"The policy benefits equity assets that are owned in retirement accounts,\" Milan said.\nStock prices — especially for small caps and sectors seen benefiting from less regulation like financials, energy and bitcoin — have already enjoyed a \"Trump bump.\"\nThe stock market's 2.5% surge on Election Day bodes well for future returns. Following the nine other post-Election Day advances, the S&P 500 was up 9.5%, on average, 12 months later, according to LPL Financial. In contrast, in the year following a down Election Day, stocks rose only 4.7%.\nThe Russell 2000, a small-cap stock index, has posted an average 12-month return of 20.1% in the last 10 presidential election years, vs. a 16.8% rise for the large-cap Russell 1000, according to Royce Investment Partners data.\nTrump's economic policies, Milan says, \"is like throwing kerosene on the fire for small and midsized companies.\"\nMore than a third (35%) of BofA Global Research clients say the best-performing equity index in 2025 will be the Russell 2000 small-cap index.\nIncome And Trump\nIf inflation remains sticky due to Trump's policies, bond yields may stay higher for longer. Higher yields could provide more income for retirees. \"Income generation potential continues to be very attractive today,\" said Rick Reider, chief investment officer of global fixed income for BlackRock (BLK).\nTrump's no-tax pledge on Social Security would boost the take-home income of the 40% of benefit recipients who pay taxes on up to 50% or 85% of their benefits.\n\"I think for retired people who need the money that have been squeezed by inflation, it is going to be a major benefit\" if it passes, said Cox.\nWhat About Social Security?\nTrump pledges to protect Social Security. But his tax breaks, tariffs and plans to deport undocumented immigrants could drain the reserve fund for Social Security by 2031. That's three years earlier than current estimates, according to the Committee for a Responsible Federal Budget, or CRFB.\nAs a result, benefit payments would be cut by 30% to 31%, reaching 33% by 2035, the report said.\n\"This could be a huge problem for many Americans given that the largest generation, the baby boomers, is now retiring,\" said Valenti.\nTrump has raised the prospects of cutting corporate taxes from 21% to 15% for companies that make their products in the U.S. And that could benefit retirement savers indirectly. How? It could induce Corporate America to boost benefit packages. Some might increase 401(k) employer-matching contributions.\n\"I think companies that have a lot more cash flow will be a lot more generous,\" said Grover.\nReal Estate Under Trump\nTrump's policies will have a mixed impact on real estate, says Danielle Hale, chief economist at Realtor.com.\nOn the bullish side, Trump's plans to increase housing supply by cutting back on building regulations and opening federal land for construction. The total cost of regulation currently adds more than $90,000 to the price of a new home, according to Hale. \"Efforts to reduce regulation could make it easier for builders to add homes at lower price points,\" said Hale.\nOn the bearish side, Trump's pledge to deport undocumented immigrants could cut demand for housing. It could also cause a shortage of workers to build new homes. What's more, Trump's tariffs could also add to the cost of lumber, steel and other materials, says Hale.\nHale adds that Trump's pledge to slay inflation would lower borrowing costs and improve housing affordability. But Trump's policies could have the impact of raising inflation, which could push mortgage rates higher, she warns.\nSavers, investors and homebuyers should wait and see what Trump policies are put into effect and what impact they'll have.\nYOU MAY ALSO LIKE:\nNvidia Owns 4 Stocks — One Is Doing Even Better Than It Is\nVanguard Is Paying 4.7% Risk-Free — But Only If You Do This\n\nLearn How To Time The Market With IBD's ETF Market Strategy\n\nFind Today's Best Growth Stocks To Watch With IBD 50\nJoin IBD Live Each Morning For Stock Tips Before The Open\nStocks Rally Into Election Results","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483487459"}