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Guardian
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‘How much will a manic Trump cost me?’ Pension savers’ anxiety rises over market volatility
- The article discusses the anxiety and impact on pension savers due to market volatility caused by Trump's tariffs and geopolitical uncertainties.
- Fraser, a retiree, saw his pension pot drop by nearly 23% due to market fluctuations after Trump's tariff war began.
- Despite substantial gains, many pension holders reported devastating losses; some even contemplating returning to work.
- People shared their struggles, with some unable to retire as planned due to reduced pension funds and increased financial uncertainty.
- Market volatility led some retirees, like 75-year-old Christopher Gallivan, to switch investments to CDs for more stability.
- Individuals in their 50s and 60s delayed retirement plans due to recent uncertainties, while older retirees faced financial challenges.
- Amid market fluctuations, some opted for annuities for security, while others expressed dismay at financial losses caused by political decisions.
- The article highlights retirees' concerns about the impact of political actions on their pension savings and the need to navigate market volatility.
- Financial advisers emphasized the importance of staying invested despite short-term threats to pension investments, urging against trying to time the market.
- Despite the uncertainties, some individuals like Charlie, a tech professional, chose to trust fund managers and financial advisers for their pension investments.
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