On this episode of the Roadmap to Retirement podcast, I am joined by Ashley Sullivan, a fellow CFP to discuss investment strategies during the election year and general market conditions. The conversation emphasizes the non-significance of election outcomes on long-term investment portfolios, highlighting that political headlines often introduce unnecessary noise through social media. We explore the limited impact of election results on financial markets over the last century, stressing the importance of sticking to financial plans irrespective of political changes. Key economic factors like inflation, interest rates, and corporate earnings are identified as more impactful than political shifts. Discussing the nuances of the Tax Cuts Act and impending changes, advocating for strategic planning to optimize financial health amid possible legislative changes. Ashley and I also explore tactics like risk assessment and using a bucket approach for retirees to manage investments wisely and maintain financial stability, emphasizing the psychological reassurance that comes from having an established financial roadmap.

Tune in next week for another new episode!