With the 2024 presidential election nearing, it is still unsure how things will pan out with the government or what new circumstances could shift a given administration’s focus moving forward. That said, it’s never too early to speculate, especially when considering retirement and future finances. After all, the best way to adjust for unforeseen developments is to have a plan in the first place. 

Regardless of political leanings, the parties will have differing economic policies that could likely affect your retirement planning. And no matter which party ends up in the White House, history has shown that many more policy discussions will pan out with a new legislature before new laws or regulations are established.

Here are some current actions that can be taken to help protect against an uncertain future¹:

• Make tax optimization moves on your retirement money while tax rates are at all-time lows
• Help insulate your investments from market crashes before they come, whether it happens this year or a later year
• Set up retirement income layers that are preserved from economic and market volatility, so your lifestyle doesn’t go on a stock market roller coaster ride
• Don’t wait in the hopes the market will be higher just before or after the election in November, or that your chosen party will make changes to benefit your finances

There is no shortage of options available to you when looking out for your future. Contact us today and find out how you can best prepare for what comes next.

Contact Consha Financial at 678-539-9518 and learn more about how current issues could benefit your plans or if a financial professional could help put you in a better situation moving forward. 

1. https://www.kiplinger.com/retirement/how-will-2024-election-impact-your-retirement

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This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.