Midterm Elections and Retirement, Everything You Need to Know
What do the midterm election results mean for your retirement? Not much say two experts – Richard Rosso, director of financial planning at Clarity Financial and Bob Frick, an economist at Navy Federal Credit Union – in an interview with Robert Powell, editor of TheStreet.com’s Retirement Daily.
Retirees and those saving for retirement should expect two years of gridlock and should not expect additional tax cuts. They should also expect that lawmakers in Washington, D.C. won’t cut nor take steps to shore up Social Security or Medicare.
In essence, Frick and Rosso expect status quo with the possible exception of bipartisan agreement on infrastructure spending. “That’s something that would really help middle- and lower-middle-class Americans to a great degree,” said Frick.