Anyone watching current events wants to understand how changes to tariffs and immigration may impact their finances. The answer is a billion-dollar nugget. If implemented, these proposals will impact everything from the cost of goods to how much money we can save to the solvency of Social Security and Medicare. And while there is no guarantee of what will happen, today, we dive into insight to help you create a plan and best prepare for what may lie ahead.

Specifically, you will learn what tariffs are, how to prepare for them based on your spending patterns, and how immigration reform may also impact your and your family’s financial plan.

Wealth Inside and Out® Podcast: “How Tariffs and Immigration May Impact Your Finances

In this episode, you will learn:
>> (5:51) One of the most searched topics post-election (This is a big one!)
>> (6:48) How tariffs work and what they may cost you
>> (9:42) Understanding the tariff proposal on imports from Canada & Mexico
>> (12:50) Why imports are essential to the U.S.
>> (17:18) Which tariffs will impact you and your family, and the potential cost
>> (19:47) What China exports to the US (How much more you may pay for their imports!)
>> (23:33) Some positive impacts of tariffs
>> (33:10) Understanding immigration and what it may cost you and your family

Conclusion – How Tariffs and Immigration May Impact Your Finances

If the proposed tariffs and immigration reforms come to fruition, they will impact many aspects of your life, including your spending, savings, and retirement.

The best recommendation is to create a flexible plan that you can adjust based on what happens. If you start spending less and saving more, you will win regardless of what occurs.

Today’s episode will help you and your loved ones create a plan that will help you secure your financial future.

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Disclosure

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This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.

Always consult with a qualified professional before making any financial decisions or changes.

To your financially secure life,

Annette