Lars Staack, after successful years with S&P 500 index funds, became uneasy about his retirement savings post-Trump's election. Concerned with tariffs and economic policies, he sold some stocks for safer bond investments. Despite being advised to stay the course financially, recent market volatility led him to rethink index funds, especially as he relies on his savings soon. His sentiment reflects many retirees’ fears of economic instability affecting their investments.
I'm fumbling about, trying to figure out what is going to be the best way to preserve my retirement savings from a volatile economy, and from upcoming inflation.
What Trump and Musk have done is unprecedented, so it seems like nothing is safe anymore, Mr. Staack said.
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