Thanks to Trump, my retirement moves away.

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I come from a line of poverty that dates back to several generations. Many of my parents, including my mother mother of poverty throughout their lives. They could only focus on daily survival and worry about how they would get their next meal. For us, it meant that retirement planning has never been something we have discussed. In fact, I never remember hearing the word retirement mentioned. The idea of ​​having a nest or a financial security net looked like a completely foreign concept.

Few of us have a pension plan, not to mention a 401 (K). IM one of the lucky ones. Although it is never much, I was able to contribute a small amount of each pay check to my pension funds. Now, due to recent economic developments in the United States, associated with the potential social security threat, I am starting to worry about never being able to retire.

Since Donald Trump has returned to functions, his actions (and the actions threatened) in particular with regard to prices has made nervous investors, which has led to the instability of the market and billions of dollars in losses in the S&P 500. Some economists have warned that the United States will go to a recession. Trump and the Treasury Secretary Scott Bessent have both recently said that they could not exclude this possibility. Due to the way in which retirement plans are linked to the stock market, many people have experienced, wait until they have a hasty drop in the funds they thought they had. This disproportionately affects people in low-income income tranches like me whose accounts do not have much to start.

My employers' retirement plan has a hybrid structure of which it is a pension, and the other half is an investment plan similar to a 401 (K). The retirement part is less volatile and has a lower risk, so I am not nervous about it. Half of investment, however, is a completely different story. Like many other people in this country with retirement accounts based on investments, I have encountered a growing feeling of dread while I follow the daily stock market updates and I realize that the value of my retirement account is falling. As the balance becomes smaller, the pit in my stomach seems to grow.

I have been contributing to this retirement fund for almost 15 years now. Financially, I consider myself a lower middle class, so even if my monthly contributions may not seem to be huge, it is a lot of money for me, as a person who lives with a tight budget. Entertaining this part of my pay check in this retirement account noted that I had to give up non -essential follies and reduce other expenses. I am crushed to see such a shocking drop in this precious fund, which represents years of sacrifice and hard work. It is also discouraging to think of the devastating financial damage that Trump caused so many families in the space of a few weeks.

Meanwhile, another saga that is currently taking place in the country aggravates my anxiety about how I will survive in my last years. Trump and Elon Musk (the latter seem to conduct many recent national actions and decisions) seem to have social security in their reticle, Musk referring to the critical program as a Ponzi program. It is unlikely that Musk, currently the richest man in the world, has an idea of ​​what social security means for the millions of people who count on him to survive.

It makes me very nervous about the future of social security. Many other Americans feel the same. Voters have invaded the town hall events organized by GOP legislators to express their concerns and anger concerning recent changes and potential program reductions. I paid that my whole career said a voter from North Carolina during a meeting of the town hall, according to a history of the Associated Press. I worked from the age of 16. I paid for this, it's mine and I want it.

Some of the members of my family are not even eligible to collect Social Security because they have not paid the system enough. Their only income option in their senior years is the additional security income and the advantages that may be available through their state. SSI currently has a minimum advantageous payment which is less than $ 1,000 per month and assuming that there are no cuts or modifications to the SSI system. For most people, it is far from sufficient to survive, which is why some elderly people are forced to choose between food and public services or health care and medicines. I have heard that some of my loved ones talk about receiving public services or skipping doses of their drugs because their grocery bills occupy a large part of their monthly budget. Musk, which, according to some, seems to be on a crusade against the elderly due to a combination of ego and spite, it is unlikely that

Social security officials have already announced reductions in staff and office closings. Other plans that would have been in the work includes changes that would make people more difficult to submit complaints or obtain help. A former Social Security Commissioner warned that these changes and others recommended by the Government Ministry could lead to the collapse of the system and the interruption of advantages. Some experts and legislators, including Senator Bernie Sanders, have predicted that Trumps' objective is to privatize social security, a scenario that also seems plausible to me.

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With this double blow putting the financial support that ID hoped could help finance my possible retirement on a fragile field, I now find myself among the almost half of the Gen Xers who feel like you need a miracle to be able to retire.

My payment fund is very modest by most standards. Some might call it minimal. It is far from sufficient to cover my current monthly invoices. I have no delusions on the life of my luxury years, or with enough disposable income to browse the world. I know that the evil needs to tighten my belt and reduce non -essential expenses. However, I had hoped that my relatively meager nest egg would be enough to cover my naked necessities and my basic subsistence costs. Now, even this simple goal seems to be too ambitious.

If you want to know how it goes to the White House, just look at the 27 -year -old wedding photos, he loses thousands of dollars every day on the camera. His fans cannot have enough. I went to see his secret for better or worse. I let my grandchildren are unleashed in public. Join me! I worked all my life with bone. Under Trump, everything I saved is slowly moving away.

In my most optimistic dreams, I had hoped to be able to retire around 65, but I accepted the most realistic possibility that I should try to continue working up to 70 to maximize my retirement services. (It is supposed, of course, that I do not know major health events that derail my plans and put the choices of my hands.) With even this chronology of the age of 70 years which now seems too ambitious, I am impatient that I have no other choice than to continue working even once my physical or mental health makes it difficult. I am as sad as after a hard work life, I could never slow down and relax or spend quality time with my future grandchildren.

I strongly hope that I am wrong and that things soon change and soon turn the financial circumstances in a more positive direction. Currently, however, things seem very unstable and disturbing, so it is wise to try to prepare for difficult times as best as possible. In my case, it means to move my state of mind and not retire as a fact. I now focus on reducing expenses, reimbursement of debt and exploration of upsets and additional sources of additional income. Instead of planning travel and leisure activities during my years of retirement, I should perhaps accept the painful reality that, despite my efforts to make things different, retirement could be for a lot of luxury of my loved ones that I will not be able to afford.

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