Political decisions often move markets, and President Donald Trump’s leadership has brought a new level of unpredictability. For millions of Americans, that uncertainty can spark worry about how secure their money really is.
We spoke to Thomas Jarecki, financial planner and national director of wealth planning at KeyBank, to share how his clients are protecting their wealth in Trump’s economy — here’s what he said.
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Anchor Your Strategy in Goals-Based Planning
No one can predict the economy, so having a plan tied to your personal finance goals will help you focus on what matters most. This helps ensure you’re managing everyday expenses in a way that aligns with your long-term vision.
“It’s much easier to navigate uncertainty when our clients have a goals-based plan in place. A well-built plan not only steers long-term objectives, but covers day-to-day cash flow, too. It delivers peace of mind and provides a roadmap through external ‘noise’ that can prompt emotional or irrational financial decisions,” Jarecki said.
“[Financial advisors] keep emotions in check and your strategy on course, no matter what shows up in the headlines,” Jarecki added.
Monitor Interest Rates and Inflation Trends
Changes in Federal Reserve interest rate policy can point to an easing cycle, but inflation remains uncertain, especially as trade and policy shifts affect consumer prices alongside borrowing costs.
“Inflation expectations have cooled in recent months, but tariff pressures and OBBBA tax policy changes may lead to increased costs for goods and services once again. [Fed rate cuts and the potential beginning of a cutting cycle [can] signal a shift, but inflation remains a key factor in future decisions,” Jarecki noted. “This is an especially important area to follow. Staying informed and adjusting your financial strategy accordingly is essential.”
Revisit Your Asset Allocation
Diversification is one of the best ways to protect wealth. Having the right mix of investments in your portfolio can help in uncertain markets.
“A well-diversified portfolio built around your risk tolerance is always smart,” Jarecki explained. “Evaluate your appetite for risk and rebalance your portfolio where appropriate.”
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This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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