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\n Ron Sachs\/CNP \/ SplashNews.com \/ Ron Sachs\/CNP \/ SplashNews.com <\/p>\n
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GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years Trusted by If you\u2019re more worried about your retirement money than your death, you\u2019re in good company. According to a study from the Allianz Center for the Future of Retirement<\/a>, nearly two in three Americans (64%) are more worried about going broke in retirement than dying.<\/p>\n If you\u2019re wondering how President Donald Trump\u2019s tariffs and trade policy impact retirement<\/a> portfolios, GOBankingRates talked to some finance experts for their perspectives and advice<\/a>.<\/p>\n Seeing the Bigger Picture<\/p>\n \u201cOverall, there are both negative and positive impacts,\u201d said Melanie Musson, a finance expert with Quote.com<\/a>. \u201cAnd with something as important as your retirement financial security, the impact is a big deal.\u201d<\/p>\n According to Musson, tariffs make people anxious<\/a>, and that\u2019s not good news for investments. She said investments in industries impacted by tariffs will be affected because consumer costs must rise, reducing consumer spending, or business costs must rise, reducing business profits.<\/p>\n \u201cInvestments in American manufacturing in specific industries will likely perform well because of tariffs,\u201d Musson said. \u201cWhile there is uncertainty and concern, you may be able to adjust your portfolio to benefit from tariffs rather than be hurt by them.\u201d<\/p>\n Focusing on Long-Term Strategies<\/p>\n Marcus Sturdivant Sr., managing member of The ABC Squared<\/a>, said when it comes to how Trump\u2019s tariffs and trade policy impact retirement portfolios, the way they\u2019re allocated, assets, risk tolerance and investment themes will change.<\/p>\n \u201cFor the sound investor \u2014 looking through the noise and fog, focused on earnings, interest rates, employment levels and blocking out the rhetoric \u2014 they\u2019ll be okay if they\u2019re positioned for a long-term retirement,\u201d Sturdivant said. \u201cMaybe increase some cash or income-earning positions, but if you are retired, chances are you are less exposed to the market and in a higher \u2018protected\u2019 position with your assets.\u201d<\/p>\n According to Sturdivant, Americans saw the playbook for Trump\u2019s tariffs and trade policy in the outperformance of gold, international stocks, emerging markets and alternatives in 2025 as investors looked to diversify<\/a> risk outside of the United States.\u00a0<\/p>\n \u201cIf 2026 plays out similarly to 2025 with a choppy, foggy first half and a clearer picture in the second half, I expect those retirees who stay invested and do not make major moves to see market-rate increases in their equities while taking income from their cash positions, allowing their equities time to recover,\u201d Sturdivant said.<\/p>\n Realizing the Psychological Part<\/p>\n Sturdivant added he would be remiss not to mention the psychological part that could play into this.\u00a0<\/p>\n \u201cFor some reason, people think the stock market cares who is in office \u2014 here is a nugget, it does not,\u201d Sturdivant added. \u201cHistorical returns show 7% to 9% returns over the duration of the stock market, that is red and blue administrations.\u201d\u00a0<\/p>\n![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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