No, Trump's impeachment wouldn't kill your retirement plan

[Yo_Mama_Been_Loggin]

President Donald Trump claimed Thursday that if he were impeached, Americans' retirement savings could vanish, a warning financial planners dismiss as fear-mongering.

A day after two of his closest associates faced legal reckoning, the embattled president asserted on a Fox News morning program, "If I ever got impeached, I think the market would crash," and, "I think everybody would be very poor."

In reality, investment pros say, Americans shouldn't worry about the health of their 401(k)s.

"What he's saying is nonsense in the context of how investment professionals look at this," Doug Boneparth, president of Bone Fide Wealth, told NBC News. "Markets aren't sentimental."

There are a couple of historical precedents: Watergate, and the impeachment of Bill Clinton by the House of Representatives in 1998. Of the two, the market suffered a greater hit when Richard Nixon resigned in the face of impeachment, with the S&P 500 losing nearly half of its value between the beginning of 1973 and the third quarter of 1974 (Nixon resigned on August 9 of that year).

But economists say it's all but assured that a Trump impeachment wouldn't trigger a slide of that magnitude: Watergate unfolded as the American economy was facing an oil crisis, rampant "stagflation," and a recession — a near-complete opposite of today's economic picture.

https://www.msn.com/en-us/money/retirement/no-trumps-impeachment-wouldnt-kill-your-retirement-plan/ar-BBMlF7y?li=BBnb4R7

[SWBTATTReg]

1. I think a reverse would happen should rump be impeached ...

Markets would be relieved that this so called business expert (rump) is finally out, and doing no more harm.

[elleng]

3. YES! I'd surely BUY (if I could!)

[SWBTATTReg]

6. Really. I'd be careful because I think that the market(s) are due for a correction...

It's been 9 years at least, and the market(s) if anything, have been unpredictable over the years I've had $ in the market. I don't anymore, since I think it's long overdue for a correction, a pretty big one...

Not just from my experience (feeble as it is), but from long term, historical patterns...what goes up, must come down. Businesses and the like that have stock eventually are going to run out of steam...can't keep cutting and cutting (costs, people, etc.) for this has already been done. Sales can't keep going up since they've been good for some time already. Taxes have been cut due to the 2018 tax cut law passed by Congress earlier this year so what's left?

[elleng]

7. I agree, and with repugs in 'control,' downhill likely.

My holdings, such as they are, are managed, but was expressing my anticipated optimism by my response.

[SWBTATTReg]

8. Thanks. It's good hear about optimism and the like. Thanks for the pick me up!! Take care...nt

[riversedge]

2. #Trump knows his #Trumptrain fans are gullible so he says stupid stupid and they cower in Fear!

[Totally Tunsie]

4. tRump's "uneducated" will be the ones to panic.

The bright will be too busy celebrating to make stock sales.

[ooky]

5. I'm not worried about the stock market

but for most people, that's only part of the retirement equation.

Social Security is becoming a much more pressing issue that's going to make a lot of people poor if it isn't shored up soon, and it appears to me that the Republicans have a long game to do nothing until it runs out of money.