The Presidential candidates talk nonstop about some issues. However, they have both been relatively silent on many elder law issues and what they might do so that more Americans can have financial security in their retirement years.
Millions of Americans are rightfully worried that they will not have enough money to live on when they retire and that they will ever be able to retire at all. It is a well-known fact that too many Americans have not saved enough for retirement.
Polling suggests that Americans would like to know where the Presidential candidates, Donald Trump and Hillary Clinton, stand on issues that would potentially affect retiring Americans.
Interesting, as Next Avenue points out in “Where Clinton and Trump Stand on Retirement Security,” both candidates have been mostly silent on elder law and retirement issues.
Donald Trump and Hillary Clinton have both said they do not want to cut Social Security benefits or raise the retirement age. They both do have plans they believe will lower Medicare costs as well.
That noted, on other issues of importance to seniors, such as access to retirement accounts, long-term health care costs, employment for seniors and more, the campaigns have been mostly silent. Figuring out where the candidates might stand on the issues requires trying to interpret vague party platforms or general statements from the candidates themselves.
Of course, candidates are not bound by their party platforms.
It is a shame neither candidate has said much on these important elder law issues.
As more and more Americans, in Cincinnati and elsewhere, enter or near their retirement years, these issues will continue to become increasingly important in Americans’ lives.
Remember: “An ounce of prevention is worth a pound of cure.” When making your estate plans or when probating an estate or administering a trust, do not go it alone. Be sure to engage a Cincinnati estate planning attorney.
For more information about estate planning, probate or trust administration in Cincinnati (and throughout the rest of Southwest Ohio) and to review free resources regarding estate planning, probate or trust administration, visit my website. If you have questions regarding this article or a particular legal matter, feel free to contact me at 513-399-PLAN (7526).
Reference: Next Avenue (Aug. 19, 2016) “Where Clinton and Trump Stand on Retirement Security”