Has the recent political season left you anxious and worried about what 2021 will have in store for you and your family? What steps can you take to make sure you are in the best position for long-term financial success? The nation’s eyes rest on the upcoming Senate election in Georgia - where the contest will determine whether two Republican incumbents, Senators David Perdue and Kelly Loeffler, keep their seats. If their Democratic challengers, Jon Ossoff and the Rev. Raphael Warnock, both win, Democrats will claim control of the Senate. While the political future of our country is unclear right now, there are steps you can take to make sure you are putting your best financial foot forward as we enter 2021. 

You will want to hear this episode if you are interested in...

• Setting your goals and planning for financial success. [1:45] 
• Investment tips that you can use. [4:00] 
• How the political situation impacts financial planning. [8:30]
• Accelerating your income. [11:00]
• Contributing to a 529 plan. [16:45]
• Making the most of your retirement plan. [18:00] 
• Closing thoughts. [20:00]

Setting your goals and planning for the future 

One of the best ways to future-proof your financial portfolio is to set goals and revisit them. While you can’t predict the future, you can make plans that will protect your investments and put you on sound financial footing. Here are several steps you can take to make sure you are headed in the right direction. 

• Make sure you have an emergency fund set aside (3-6 months of living expenses). 
• Assess your debt and look into refinancing that debt - especially mortgage loans. 
• Keep an eye on your credit score and work on getting it to a healthy number - the higher the better!

What long-term goals have you set already? Are you going to add to those goals in 2021 or are you ready to re-evaluate? To learn more about this critical topic, make sure to listen to this episode - you don’t want to miss it!

Investment tips you can use 

How are your investments looking after the chaos of 2020? Have you seen a rise in their value or are you still waiting for those stocks to rebound? To help you make the right decisions when it comes to your investments, I’ve come up with several tips that you can use today. 

• Review your asset allocation and make necessary changes.
• Review your 401K plan and consider your options. 
• Conduct a year-end tax-loss harvesting or tax gain harvesting. 

I know that many of you are worried and nervous as we approach 2021 and all the new changes the new year has in store - rest assured that I’m here to help. I plan to continue to bring you the most up-to-date and relevant financial information that you need to make the most of your earnings. Listen to this episode as I expand on my investment tips for you and so much more!

Resources and People Mentioned

• The 5 Step Portfolio Process #17
• How to Help Your Grandchild Pay for College Ep #14

Connect With Morrissey Wealth Management 

www.MorrisseyWealthManagement.com/contact