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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at https://lifemoneyshow.com for more resources.

Sep 12, 2024

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