On Jan. 13, President Donald Trump was impeached for a second time by the House of Representatives – a first for our nation. Trump was impeached for his part in inciting violence against the United States government.1 This move comes days before Trump is set to leave office, but it still begs the question – does an impeachment of the President of the United States have a direct impact on the stock market? To answer this question, we’ll take a look at past impeachments – starting with Trump’s first impeachment in 2019.
With one of the most contentious elections in history behind us, President-elect Joseph R. Biden, Jr. is set to take office on January 20. In anticipation of a new administration, high earners especially are left wondering – how will the Biden presidency affect me financially? Until Biden takes office and begins enacting changes, we won’t know for sure what to expect. But based on his official campaign platform, past interviews and projections, we can better prepare ourselves for the potential changes to come.
Now that Inauguration Day is on the horizon, what challenges could this bring to high earners during a Biden administration?
There comes a point in nearly everyone’s life when they begin to wonder if they should continue to rent or make the step of purchasing a home – but throw a global pandemic, low mortgage rates and a crazy housing market into the mix, and it makes the choice a whole lot more complicated. Furthermore, since January 2020, home sales have been steadily increasing.1
The first thing to remember: don’t let the circumstances make this an emotional decision. Buying a home is a decision that should be made based on your finances, as well as your preparedness for owning a home. Before you make any real estate purchase, you should strongly evaluate your options to figure out if you are really ready to buy.
2020 has been quite the year, to say the least. With only one month left, everyone is ready to put the year behind us and try to start fresh. From the coronavirus pandemic to economic shut downs, many have felt the financial strain. If you are looking to start 2021 off on a better financial note, these seven moves will (hopefully) help make your year less stressful.
The CARES Act was passed on March 27, 2020 amidst the onset of COVID-19 in America. The package included over $2 trillion in economic relief for businesses, workers, families and governments.1
Now, the year is almost over – and some benefits included in the CARES Act are expiring. Many Americans have relied on these benefits to make ends meet throughout the course of the pandemic, and there’s widespread uncertainty about benefits coming in the future.
Can you believe it’s basically December? That means that the holiday season is officially upon us. Right about now we’re usually gearing up to gather with loved ones, shop for gifts and travel to see family – making it a cheerful, but expensive, time of year.
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This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
Hi, I’m Jamie Lima with Woodson Wealth Management, and I’m here to help you keep cool, calm, and collected in these uncertain times.
I’ve been hearing many questions and concerns from folks about the upcoming elections, especially in light of the President’s previous COVID situation, and the turmoil in Washington.
Trump supporters are worried about a Biden win.
Biden supporters are nervous about a Trump win.
Whichever side of the political divide you sit on, you might be anxious about who is going to win and what it could mean for your money.
I get it. Emotions are running high, and the way things are going this year, it seems like anything could happen. I’m not here to make predictions, but I can offer some insight.
So… will it actually be the end of the world if “the other guy” wins? Here are three things to keep in mind.
One: We can expect market volatility because we’re in uncertain times. The good thing is that we can prepare for that volatility and mentally get ready.
Two: Even if the other guy wins, his ability to change regulations really depends on what happens with the House and Senate. If the two branches of government remain split, we probably won’t see major changes any time soon.
Three: While the election is top of mind right now, it’s not the only thing driving markets. We’ve got a pandemic, an economy recovering from a recession, and a society undergoing major shifts. My job is to keep an eye on all of that, so you don’t have to.
I can’t predict who will win or what will happen next. But, I can help you work through scenarios and make plans for an uncertain 2020 and 2021.
If you have questions about how the elections might affect your portfolio or you’d like to talk one-on-one, please use the form below to send me a message. I’ll respond personally.
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