Ep 279: What Now? A Financial Update With An Election In Limbo
As if 2020 hasn’t been volatile enough, now we’re left sorting through election results days after voting has ended.
Although it appears Joe Biden is set to become the 46th President of the United States, plenty of questions remain about policy and the financial impact it could have on investors. So as we wait for the dust to settle, let’s try to answer the questions, what now?
Nancy is flying solo on today’s episode of My Smart Retirement and she wants to provide updates for those that are slow to act while things remain in limbo. The first thing we’ll talk about is what could things look like if all the results hold, meaning Democratic president, Republican Senate, and Democratic House. Divided government is typically positive for investors as it likely means taxes won’t see significant changes in the near-term.
That’s the item many people have questions about immediately because it affects every single one of us. It’s also a part of the financial planning process that we target as adjustments are being made.
The other areas Nancy will update you on the during the show are stimulus, policy, interest rates, and more. There’s a lot to be factoring in and it’s important to remain proactive with your financial future. That’s what we can help you with and hopefully this show will provide you with a little more clarity after an unsettled week.
Nancy will answer all these questions, plus tells you about an exciting finding scientists have made on the moon!
Use the timestamps below to hear a specific segment.
0:39 - Exciting announcement from NASA
1:44 - What we know about the election right now
2:48 - If Republicans hold the Senate, what we need to know about taxes
4:22 - Fiscal stimulus & other spending
6:18 - What we’re looking ahead for when building retirement plans
8:28 - Divided government could mean a positive for investors
9:43 - What recent history tells us
11:26 - Financial achievements for President Trump
13:15 - Prop 208 in Arizona
14:39 - Change will always happen so be proactive
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