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The White House is signaling an openness to blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending.

For the past three decades, retirees have been encouraged to apply the 4% rule. The retirement spending strategy involves living during your first year of retirement on 4% of the money you have invested and adjusting the percentage each year after based on inflation. 

Rising inflation impacts all consumers, but retirees can be hit hardest. In the current economic landscape, where inflation has been higher than average, many retirees have been searching for strategies for reducing their expenses. By cutting costs on things like groceries, gas, and streaming services, retirees hope to stretch their retirement savings to cover the increasing costs of essential expenses.

Election season is quickly approaching, and with that come issues that need to be addressed. Of course, a new American president will always bring changes.