To say that last week was eventful is an understatement, this week continues to be remarkable, with markets surging on a positive coronavirus vaccine announcement.
Although our country still faces health and economic problems as 2020 winds down, we can approach the year-end with optimism. Fostering optimism in your financial strategy means taking care of year-end tasks like retirement plan contributions and tax planning.
A financial strategy is not an abstract thing—you are saving and investing for something real: a happy retirement, putting kids through school, a memorable vacation, or home renovation. Election outcomes don’t affect your long-term goals.
Consider the emotions behind your goals and how they may have evolved over 2020. It may help you face 2021 with a renewed sense of optimism.
Here are some articles I found insightful. Feel free to share them, and get back to me with your thoughts.
In a Divided Washington, Biden Could Still Exert Economic Power
Nov. 10, 2020
President-elect Joe Biden will take office in January with a weak economy weighed down by the…
5 Ways President Biden May Make Lasting Changes To Your Retirement
Nov. 10, 2020
While President-elect Biden and a nation wait for President Trump to concede the election, focus turns to how a Biden administration will lead…
Four Reasons Why Elections Should Never Drive Your Investment Decisions
Nov. 10, 2020
While the stock market posted strong gains immediately following election day, stocks dipped late…
Why 2020 Was the Perfect Year for Tax-Loss Harvesting
Nov. 9, 2020
This is the kind of year that was made for tax-loss harvesting. The tactic, used to legally…
What Joe Biden and Kamala Harris Mean for the Markets
Nov. 9, 2020
Democrat Joe Biden was elected president Saturday morning, beating President Donald Trump in…