The U.S. is facing a global trade war that could impact your retirement. Economic growth is expected to decline in 2025, with the U.S. GDP growth dropping from 2.8% in 2024 to 1.6% in 2025. Financial advisors recommend revisiting your budget and keeping living expenses in a high-yield savings account.

In times of economic turmoil, it’s crucial to have a buffer for unexpected market changes. Stick to your long-term investment strategy and work with a financial professional to avoid fear-driven decisions. A global trade war may require a flexible withdrawal strategy for retirees, so plan accordingly.

Review your portfolio and consider international equities to reduce volatility during a trade war. Financial advisors are rebalancing portfolios, shifting bonds from stocks, and processing Roth conversions. If you haven’t adjusted your portfolio since tariffs were imposed, now is the time to do so to protect your retirement fund.

Read more at Yahoo Finance: 7 Powerful Ways To Shield Your Retirement During a Global Trade War