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Retirement planning faces shifting tax landscape as Trump term ends
The article cites Empower data showing median retirement savings of $568,116 for people in their 60s, versus $1,228,196 on average, before policy changes tied to Trump’s presidency expire after 2028.
A Yahoo Finance article argues that Americans targeting retirement before January 2029 may need to consider how changes from Washington during Donald Trump’s presidency could affect retirees’ spending, saving, and overall living standards.
It notes that Trump has signed a sweeping overhaul of the tax code, and says uncertainty around tariff policies has contributed to questions about prices and inflation.
The piece also points to looming long-term concerns for Social Security, which it describes as income support for many retirees.
As context for readers’ decision making, Yahoo Finance cites Empower’s March 2026 data, saying median retirement savings for people in their 60s are $568,116, while the average is $1,228,196.