CBS MoneyWatch: How President Trump’s tariff plan could impact your 401k

Chris Wragge | CBS News | March 7th, 2025

President Trump’s imposed tariffs are not just impacting the cost of groceries, they could also be impacting your 401k. Sam Huszczo, Investment Advisor at SGH Wealth Management helps us understand what to expect.

Sam Huszczo, Chartered Financial Analyst at SGH Wealth Management, joins CBS News NY MoneyWatch with host Chris Wragge to discuss the recent volatility in the stock market, largely driven by the tariffs set in place by the Trump administration. With the market fluctuating dramatically, Chris turns to Sam for insights on how these changes are affecting those with 401(k) plans.

Huszczo highlights that the uncertainty caused by these tariffs may present an opportunity for investors to reassess their strategies and adjust to the shifting market conditions. Closing his segment on an optimistic note, Sam offers valuable advice: for those with a longer investment horizon, there’s still time for the market to recover, while those with a shorter timeline may want to consider making adjustments to mitigate risk.