Joseph Sohm / Shutterstock.com
Another Donald Trump presidency might happen, and your wallet may feel it. It’s impossible to know exactly which financial policies would be imposed, but the overall impact likely would vary by income.
Also Read: I’m an Investor — I’m Making These Money Moves Immediately If Trump Wins
Learn More: 6 Subtly Genius Things All Wealthy People Do With Their Money
“I think one of the biggest insights one can use is the current speculation on the tax code in different scenarios,” said Joseph Boughan, CFP, a financial planner and president at Parkmount Financial Partners. “The Tax Cuts and Jobs Act (TCJA) is set to expire after 2025; and, depending on who gets elected, the tax implications affect people’s financial planning.”
Taxes certainly could be a major issue, but other monetary policies also likely would come into play. Here’s a look at what…
