Election 2024, The Stock Market & Your Retirement Savings: Separating Fact from Fiction

Feeling uneasy about your finances with election season approaching? You’re not alone. Political uncertainty often raises questions about market stability, and it’s easy for that anxiety to seep into concerns about your retirement savings.  Join Scott as he breaks down market trends during election years, and explores how elections can affect retirement accounts like IRAs and 401(k)s. Don’t miss these actionable insights to help you stay focused on your long-term financial goals, even during election uncertainty.   Here’s some of what we discuss in this episode: 0:00 - Intro 4:18 – Common concerns among investors about the election 8:19 – How the stock market performs in election years 12:15 – How the market has performed across past presidencies 16:20 – Focusing on what matters most to you 20:25 – Impact of election on IRAs and 401ks 25:56 – Tax Cuts and Jobs Act 29:42 – Focusing on controllable factors   Resources for this episode: Investor Fear CNBC Article: https://www.cnbc.com/2023/11/13/investors-fear-the-2024-elections-may-hurt-retirement-savings.html   The 2024 Election and Your Finances: https://www.thestreet.com/retirement-daily/your-money/the-2024-election-and-your-finances   How Does the Stock Market Perform in an Election Year?  https://ofdollarsanddata.com/how-does-the-stock-market-perform-in-an-election-year/   Investing During an Uncertain Election Year: https://www.fidelity.com/learning-center/trading-investing/election-market-impact   Average Stock Market Return Under Democratic and Republican Presidents: https://www.fool.com/investing/2024/07/05/average-stock-market-return-democrat-republican-pr/   Want to get in touch? Web: https://sierensfinancialgroup.com/ Email: office@sierensfinancialgroup.com Phone: 847-235-6989 Read more and get additional financial resources here: http://lifemoneyshow.com  Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ