Episode 207: How to Navigate the Waters of a Tariff War
The Retirement Matters Show with Dale Smothers · Dale Smothers
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Show Notes
In this episode of the Retirement Matters podcast, my voice is certainly in bad shape—very similar to what the stock market's been doing lately. When this show aired, we had just seen a steep decline of about 7–8% over two days, following the announcement of the world tariffs by President Donald Trump and the retaliatory tariff from China on U.S. goods. The market took a big hit, and many retirees felt that pain in their 401(k)s.
If this volatility is still happening as you're listening, you need to be aware of the steps you can take to safeguard against further losses. One of the biggest pieces is making sure you're ready to weather the storm—but also knowing where you're headed and how far you still have to go. It might be a wise time to take a close look at your portfolio and figure out three key things:
How much income do you need? How much of an income gap do you have? And how should you be investing your money to make sure that gap is filled?
If you're getting close to retirement, now might be a smart time to take some chips off the table—and we can help you with that assessment.
Our team is here to support you if you're feeling uncertain or overwhelmed about your retirement. Don't go at it alone—give us a call at 270.600.PLAN, and we'll connect you with someone from our team. Enjoy the show!
Interested in our Social Security and Retirement Readiness Class on April 28th? Call 270-600-PLAN or email us at [email protected] to reserve your spot today!
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DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an investment adviser does not imply any level of skill or training. Insurance products and services are offered and sold through RDS Insurance Group. R.D. Smothers Wealth Management and RDS Insurance Group are affiliated but separate entities. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit: https://adviserinfo.sec.gov and search for our firm name. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.