BiggerPockets Daily How Retirement Accounts Could Be Changing Under Trump
Feb 4, 2025
Discover the potential changes impacting retirement plans under Trump's administration. Explore how new fiduciary rules and Social Security reforms could reshape investments in real estate. Delve into the implications of tax cuts for Roth conversions, and ponder the future of ESG-focused funds. Stay informed on how these shifts could affect your financial strategies and long-term portfolio, ensuring you’re ready to navigate the evolving landscape of retirement investing.
AI Snips
Chapters
Transcript
Episode notes
Retirement Account Changes Under Trump
- Potential policy shifts under Trump could impact real estate investing through retirement accounts.
- These include stricter fiduciary rules, Social Security reforms, and tax changes affecting 401(k)s, IRAs, and self-directed accounts.
Fiduciary Rule Changes and Impact
- Fiduciaries, those legally obligated to act in your best financial interest, may face stricter rules under Trump.
- This could limit investment options, particularly ESG-focused real estate, in 401(k)s and IRAs.
Social Security's Uncertain Future
- While Trump has pledged not to touch Social Security, its insolvency poses a major problem.
- Proposed changes, like eliminating taxes on benefits, could worsen the situation, impacting retirees' spending and investors' rental income.