It’s Sunday, which means...It’s recap time! This week, we looked at investing in an election year. As I mentioned previously, I record the podcast a couple weeks in advance, so I don’t yet know the results of the election. But there are principles that are important to be mindful of when you're looking at the election through the lens of planning for your retirement and how that might impact you and your investments. 

Here’s what we covered in each episode this week:

• What a possible blue wave could mean for you and your retirement
• The election’s historical impact on the stock market
• The biggest mistake you can make right now
• Don’t get spooked by post-election volatility
• And lastly, what to do about taxes and estate planning opportunities - the clock is ticking on massive opportunities to transfer wealth in a very tax-efficient way, so you definitely want to consider taking action now if it makes sense in your situation. 

My hope is that you come away from this week with some perspective that the election or any resulting volatility in the stock market because of the election isn’t something to panic about or abandon your long-term strategy over, but rather it’s likely that the election results will have very little impact on your long-term strategy and for some, the election even represents an opportunity to take advantage of any coming changes to policy, regulation, taxes, etc. 

Tomorrow, we are starting a brand new theme:2020 Year End Tax Planning Tips. I’ll talk about 5 ways you can potentially reduce your taxes this year and take advantage of several opportunities in 2020. Everything from what to do about your stimulus check to maximizing deductions. 

And if you haven’t already, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - everything from whether or not you should pay off your mortgage before you retire to understanding the lifetime gift tax exclusion to inherited IRA rule changes for 2020. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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