It’s Sunday, which means...It’s recap time! 

This week, we looked at how investing is different in an election year and what you need to know about investing in what is always an uncertain and stressful time. 

No matter who wins this fall, Presidential election years are always so full of turmoil and uncertainty that it’s easy to lose your cool and abandon your long-term strategy and sit on the sidelines to wait and see what happens. But as I discussed this week, that’s usually a mistake. 

However, the smart and savvy investor will also not bury their head in the sand and will pay attention to how the next 4 years will likely look like under both a Trump and a Biden scenario, and will take action accordingly. 

This week, I tried to pinpoint some of those areas that may see the most change if Biden wins the White House.

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

• How COVID and the civil unrest have put the election in 3rd place at the moment, but how that’s also likely to change over the next couple months
• How election years typically impact the stock market 
• What’s different about this election year and how you can plan and prepare for 2021 and beyond if Democrats control the White House, and especially if they control Congress as well
• There are some policies, especially tax policies that are likely going to change, and certain industries that may be hurt by the upcoming election, and I talked about what to pay attention to there and what to do about it now
• And lastly, I talked about the biggest mistake that you can make in 2020

Hopefully after listening to the One Minute Retirement Tip this week, you know more about how the election cycle influences not only policy, regulation, laws, and taxes, but also the stock market and your retirement portfolio, so you can make smart decisions about how to invest and how to plan for retirement during a time of heightened uncertainty, strife, and turmoil. 

Tomorrow, we are starting a brand new theme: How to pay for college AND save for retirement! When you’re in your last working years, planning to retire, you’re typically also hit with big college bills. So next week, with a return to school (hopefully!) just around the bend, I’ll be talking about how you can prioritize saving for retirement and helping junior with his or her college tuition and bills. 

And...be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - everything from should you pay off your mortgage before retirement to the hidden danger of index funds. Just search for True North Retirement on YouTube. 

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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