The economy is strong and the stock market is surging. Interest rates are rising a bit, but inflation looks steady. That should mean smooth sailing in 2018 for retirees and people planning for retirement, right? Even the new tax law didn't do much to impact retirement: The final legislation dropped earlier proposals to sharply curtail tax-deferred 401(k) contributions and deductibility of high medical costs.
But at the same time, there's good reason to worry about possible efforts to change our two most important retirement programs--Social Security and Medicare. Further, the fiduciary rule governing retirement advice could be undermined. And higher interest rates actually could be a double-edged sword for retirees.