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President Donald J. Trump’s economic policies are designed to help America’s economy by putting more money into the hands of both consumers and businesses. But this doesn’t necessarily translate into a boom for stock markets which is why many Americans are rolling over or transferring their retirement accounts into assets that better align with the President’s plans.
Three policies stand out regarding IRAs, 401(k)s, and other types of retirement savings. Arguably the most important of these, which has been hot in the news recently, is the President’s use of tariffs. They are important staples of the President’s long- and short-term plans as he wields tariffs for negotiating as well as balancing trade relationships.
Tariffs also increase government revenues with President Trump longing for the days when tariffs can partially or even fully replace the income tax. This has helped prices of physical precious metals like gold and silver rise to record highs recently.
“President Trump loves tariffs and so do gold and silver prices,” said Jonathan Rose, CEO of faith-driven Genesis Gold Group. “We had more calls after the steel and aluminum tariffs were announced than after any other event during his second term so far.”
The second big economic policy that will impact retirement accounts is President Trump’s desire to weaken the U.S. Dollar. A strong dollar hurts manufacturing in the United States. The President wants an America First mindset to stream through American businesses and needs a weakened dollar to facilitate that.
“We have currency problems, as you know, the depth of the currency now in terms of strong dollar/weak yen, weak yuan, is massive,” President Trump said. “And I used to fight them, you know, they wanted it weak all the time. They would fight it, and I said, if you weaken it any more, I’m going to have to put tariffs on you. They went as far as they could with me, but I was very tough with it. Nobody talks about it now.”
His sentiment in his first term is echoed in his second. If anything, he is even more focused on weakening the dollar. How will this affect IRAs and 401(k)s?
“Like with tariffs, a weak dollar favors gold and silver over other ways to back retirement accounts,” Rose continued. “This is why we’ve positioned our ‘metals mix’ to help our clients take full advantage of President Trump’s fiscal policies.”
The third part of President Trump’s economic policy is mostly out of his hands. He wants interest rates lowered, as he noted recently on Truth Social.
“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!! ” he posted. “Lets Rock and Roll, America!!!”
Lowered interest rates will likely help gold and silver prices rise as well. With Fed Chair Jerome Powell signaling an unwillingness to do so right now, it leaves a potential upside for precious metals prices that won’t be realized just yet.
If and when the Fed drops rates, those holding precious metals in their retirement account will be further rewarded.
A Genesis Gold IRA is ideal for the long-term play for retirements. Learn more about them today and receive a free, definitive Wealth Protection Guide.
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