How Tariffs Could Impact Retirees: Inflation, Income, and Planning Ahead
In this episode of the Financial Leadership Podcast, host David Afraimi, CEO of BAM Advisory Group, breaks down the rising conversation around tariffs and what they really mean for retirees and those approaching retirement.
We explore:
● What a tariff actually is and how it functions
● The potential ripple effects of a 10%–60% tariff policy
● How tariffs can affect consumer prices, investment accounts, and fixed income planning
● The impact on essential spending areas like healthcare, food, transportation, and housing
● Practical steps retirees can take today to safeguard income and spending power in an inflationary environment
● The importance of having a plan built for flexibility—not panic
David shares how retirees can adjust their income strategy without making emotional financial decisions, using a diversified “three-bucket approach.” We also discuss how rising costs might influence Federal Reserve policy and long-term interest rates.
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Additional episode: https://youtu.be/JALzFyrBL-k
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Investment advisory services offered by duly registered individuals through CreativeOne Wealth, LLC, a Registered Investment Adviser. CreativeOne Wealth, LLC and BAM Advisory Group are unaffiliated entities. Licensed Insurance Professionals. We are not affiliated with any government agency, and do not provide tax or legal advice or services. This material is provided for educational purposes only and should not be construed as advice or a recommendation. Always consult with qualified financial, tax and legal advisors. Investing involves risk, including possible loss of principal. No investment strategy can ensure a profit or guarantee against losses. Insurance product guarantees are backed by the financial strength and claims-paying ability of the issuing company. Investment advisory services are provided in accordance with a fiduciary duty of care and loyalty that includes putting your interests first and disclosing conflicts. Insurance services have a best interest standard which requires recommendations to be in your best interest. Advisors may receive commission for the sale of insurance and annuity products. Additional details including potential conflicts of interest are available in our firm’s ADV Part 2A and Form CRS (for advisory services) and the Insurance Agent Disclosure for Annuities form (for annuity recommendations).
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📌 Video Chapters
00:00 – What Is a Tariff and Why It Matters
02:35 – Can Tariffs Impact Your Retirement?
06:00 – How Emotions Sabotage Financial Plans
08:40 – Visual Explanation of Tariffs
10:40 – Trump’s History with Tariffs
18:01 – The Three-Bucket Strategy for Income Planning
21:35 – Why to Plan For the Worst
25:43 – Sectors Most Affected by Tariffs
32:00 – Could Tariffs Lead to Higher Interest Rates?
40:50 – What Advisor You Should Look For
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