We’re inundated with coverage of the 2020 election. So it’s understandable for you to wonder how the outcome might affect your financial plan and the achievement of your long-term financial goals.
For instance, different tax proposals could warrant changes in your retirement calculations, charitable giving, estate planning, and other elements of your financial plan. Right now, you can’t be certain which changes, if any, are the right ones to make. That’s because no one knows exactly how or if the proposals of today will shape up into finalized policies in the future.
This is one of several reasons to take a measured approach in reviewing and preparing for any adjustments to your plan, no matter who wins at the ballot box. Other points to consider:
- Senate races play a big role, too, adding uncertainty about the direction of future policy.
- The COVID-19 pandemic and availability of a vaccine pose