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Show Notes
Feeling uneasy about your finances with election season approaching? You’re not alone. Political uncertainty often raises questions about market stability, and it’s easy for that anxiety to seep into concerns about your retirement savings.
Join Scott as he breaks down market trends during election years, and explores how elections can affect retirement accounts like IRAs and 401(k)s. Don’t miss these actionable insights to help you stay focused on your long-term financial goals, even during election uncertainty. If you’re feeling anxious, this episode will help put your mind at ease by separating the noise from what truly matters for your retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
4:18 – Common concerns among investors about the election
8:19 – How the stock market performs in election years
12:15 – How the market has performed across past presidencies
16:20 – Focusing on what matters most to you
20:25 – Impact of election on IRAs and 401ks
25:56 – Tax Cuts and Jobs Act
29:42 – Focusing on controllable factors
Resources for this episode:
Investor Fear CNBC Article:
https://www.cnbc.com/2023/11/13/investors-fear-the-2024-elections-may-hurt-retirement-savings.html
The 2024 Election and Your Finances:
https://www.thestreet.com/retirement-daily/your-money/the-2024-election-and-your-finances
How Does the Stock Market Perform in an Election Year?
https://ofdollarsanddata.com/how-does-the-stock-market-perform-in-an-election-year/
Investing During an Uncertain Election Year:
https://www.fidelity.com/learning-center/trading-investing/election-market-impact
Average Stock Market Return Under Democratic and Republican Presidents:
https://www.fool.com/investing/2024/07/05/average-stock-market-return-democrat-republican-pr/
Thanks for checking out this episode of the podcast. If you’d like to learn more about financial and retirement planning, check out our YouTube channel here.
