5 predictions for retirement plans if Biden wins election

Democratic presidential candidate Joe Biden has said that requiring the wealthiest Americans to shoulder more of the tax burden and restoring the estate tax to "historical norms" top his list of economic priorities. But retirement policy also plays a prominent role. "Protecting Social Security and Medicare and lowering prescription drug prices transcend partisan politics, and candidates need to pay attention to these issues if they want to win," Nancy LeaMond, AARP chief advocacy and engagement officer, said in releasing a recent survey. The AARP survey of voters in presidential and Senate battleground states show that voters 65 and older could decide this year's election. "Concerns about the coronavirus and their health overall are driving 65-plus voters away from their natural base," LeaMond said. According to the survey, former Vice President Biden leads President Donald Trump among voters 65 and older in eight states. Read the gallery above to see how retirement plans could change under Biden's proposals. A future article will look at Trump's retirement pledges.