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Trump's deportation plans could raise the price of your retirement

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  President Donald Trump's mass deportation plans could make it harder for older Americans to access healthcare and increase some of their costs.

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The article from MSN discusses how former President Donald Trump's proposed deportation plans, if implemented, could significantly impact the U.S. economy and, consequently, retirement savings. Trump's policies would involve mass deportations of undocumented immigrants, which could lead to labor shortages in various industries, particularly those reliant on immigrant labor like agriculture, construction, and hospitality. This reduction in workforce could drive up wages due to increased competition for labor, potentially leading to higher inflation rates. Higher inflation might force the Federal Reserve to raise interest rates, which could negatively affect bond prices and yields, thereby influencing the returns on retirement investments like 401(k)s and IRAs. Additionally, the economic disruption from such policies could lead to a slowdown in economic growth, affecting stock market performance and overall investment returns, making retirement planning more challenging for many Americans.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/trump-s-deportation-plans-could-raise-the-price-of-your-retirement/ar-AA1xMu0T ]