On this episode of the Retirement Matters podcast, we discuss some details about the Trump administration's plan to help write what they believe is wrong in the world. They've talked about the prosperity of the coastlines and the suffering of middle America—and one way they're trying to fix this is by pulling three different levers. We are on the second lever, which has to do with tariffs.
As we record this live on April 12th, 2025, the U.S. is in an ongoing trade war with China, and so far, China isn't giving in. This has created market turmoil and a lot of fear among retirees watching their portfolios fluctuate. While this kind of uncertainty can feel overwhelming, we believe it may be short-lived—and that a V-shaped recovery is still possible.
But what do you need to be doing specifically in these times if you are seeing your 401(k) suffer? We go into those three steps in detail, especially as you are approaching retirement phase.
We hope you enjoy this episode of the Retirement Matters Podcast. If you find value in the show, please consider liking, rating, and subscribing. Sharing on your social media is greatly appreciated, and we welcome any feedback you may have. Thank you for tuning in!
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DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an investment adviser does not imply any level of skill or training. Insurance products and services are offered and sold through RDS Insurance Group. R.D. Smothers Wealth Management and RDS Insurance Group are affiliated but separate entities. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit: https://adviserinfo.sec.gov and search for our firm name. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.
