Political decisions often move markets and President Donald Trump\u2019s leadership has brought a new level of unpredictability. For millions of Americans, that uncertainty can spark worry about how secure their money really is.<\/p>\n
Check Out: Avoid These 4 Common Mistakes When You Get Rich Overnight<\/a><\/p>\n For You: How Middle-Class Earners Are Quietly Becoming Millionaires \u2014 and How You Can, Too<\/a><\/p>\n GOBankingRates spoke to Thomas Jarecki, financial planner<\/a> and national director of wealth planning at KeyBank<\/a>, to share how his clients are protecting their wealth in Trump\u2019s economy<\/a> \u2014 here\u2019s what he said.<\/p>\n No one can predict the economy, so having a plan tied to your personal finance<\/a> goals will help you focus on what matters most. This helps ensure you\u2019re managing everyday expenses in a way that aligns with your long-term vision.<\/p>\n \u201cIt\u2019s much easier to navigate uncertainty when our clients have a goals-based plan in place. A well-built plan<\/a> not only steers long-term objectives but also covers day-to-day cash flow, too. It delivers peace of mind and provides a roadmap through external \u2018noise\u2019 that can prompt emotional or irrational financial decisions,\u201d Jarecki said.<\/p>\n \u201c[Financial advisors] keep emotions in check and your strategy on course, no matter what shows up in the headlines,\u201d Jarecki added.<\/p>\n Trending Now: Here\u2019s Why You Always Want to Know Your Net Worth, According to a Financial Expert<\/a><\/p>\n Trump\u2019s tax reform has created various breaks and deductions that can benefit different groups of people. However, many of these provisions like the One Big Beautiful Bill Act<\/a> (OBBBA) are set to expire, so you need to act now to take advantage of the benefits while they\u2019re still available.<\/p>\n \u201cThe Trump administration\u2019s signature tax legislation offers potential breaks for business owners, seniors and families with children. But many of these provisions will expire in the next few years,\u201d Jarecki said. \u201cWe encourage a comprehensive review with a CPA to identify what opportunities you can take advantage of before those tax breaks expire.\u201d<\/p>\n The Fed recently cut interest rates<\/a>, which could mean the start of an easing cycle. However, inflation<\/a> remains unpredictable, especially with tariff policies and policy changes that could push consumer prices higher even as borrowing costs drop.<\/p>\n