5 Predictions for Retirement Plans With Biden as President

Earlier this year, then Democratic presidential candidate Joe Biden 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 found that voters 65 and older were likely to 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 this fall, former Vice President Biden led 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. --- Related on ThinkAdvisor:

• Former Obama Official Expects Biden Will Protect 401(k)s, IRAs
• Biden's Plan Would Create Payroll Tax 'Donut Hole'
• Everyone Wants to Save Social Security, but How?