Tariffs – What They Are – How They Work – How They Impact You

In this Episode of the Secure Your Retirement Podcast, Radon Stancil and Murs Tariq discuss a timely and often misunderstood topic: tariffs. With tariffs frequently making headlines, especially in relation to trade disputes like the US China trade war, it’s critical to understand what tariffs are and how do they work—particularly for those in or nearing retirement. Radon and Murs break down how tariffs work, how they’re implemented, and most importantly, what the Impact of tariffs could mean for your personal financial plan.Listen in to learn about the ways tariffs and inflation can influence retirement expenses, affect your investment strategies, and ultimately play a role in your financial planning in retirement. By understanding the mechanics behind trade policies and their economic ripple effects, you’ll gain clarity on how to plan for retirement, regardless of how global politics unfold. Radon and Murs also discuss how their Peace of Mind Pathway and bucket investment strategy helps clients stay prepared for unpredictable changes like trade war effects.In this episode, find out:·      What are tariffs and their role in trade policy.·      How do tariffs work and how they're implemented.·      The Impact of tariffs on inflation and consumer pricing.·      Lessons from the US China trade war and how trade disputes evolve.·      How to create a resilient retirement plan that addresses economic volatility.Tweetable Quotes:"We’re not here to judge whether tariffs are good or bad—but understanding how they work helps reduce financial anxiety." – Radon Stancil"A well-built retirement strategy should account for inflation, market volatility, and even things like tariffs and trade wars." – Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.