“The 2024 election is going to be a big one for retirees,” says Brandon Ashton, director of retirement security at Cornerstone Financial Services in Southfield, Michigan.
“Whoever wins the presidency will set the tone for the future of Social Security,” says Ashton.
But changes to Social Security may not be on the horizon for the upcoming Congress, say some advisors.
“Remember, the big variable in retirement income is the amount you take from your qualified accounts (IRA, 401(k), etc.
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Consider a Roth IRA conversionA potential rise in tax rates in 2026 may mean that this year and next remain opportune times to take advantage of a Roth IRA conversion...
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