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The Democrats took the House, and here’s what that means for your retirement

The Democrats won the House, the Republicans kept the Senate, and future retirees should be paying close attention to retirement legislation these next few years.

A split Congress isn’t the worst thing for retirees, but it may not be all that helpful, either. With each party in control of a chamber, gridlock is bound to ensue on numerous issues, including Social Security and Medicare, retirement savings and pensions. Voters — even those who may be far away from retirement age — should pay attention to these issues, because legislation made now will be felt for decades.

Even though Democrats are now a majority in the House, any legislation they pass could still be vetoed by President Donald Trump.

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