It’s never a good idea to let your investment and political philosophies influence one another too greatly – but it’s hard to ignore everything happening between now and the presidential inauguration in January. Stocks have charged out of the gate since the election, but investors are now looking for more specifics about the future.
The Fed seems to have pulled off the elusive soft landing – slower inflation without stalling the economy – and now the plane might be taking off again. Fed Chair Jerome Powell is vowing to finish out his term, which ends in May of 2026, resisting President-elect Trump’s desire to have more control over the nation’s monetary policy.
And Elon Musk is promising to find ways to slash hundreds of billions of dollars in government spending when he’s not running Tesla, SpaceX, Neuralink, and X (which we still refer to as the company previously known as Twitter), among his other ventures.
You can’t say we don’t live in interesting times. Your job as a long-term investor will be to: (1) decide which changes will actually impact your life over the next few years; (2) keep your focus on things you have control over; and (3) stop worrying about the rest.
Invest based on history, not headlines.
Getting even one of these 5 mini-projects done in the next few weeks could move you substantially closer to your financial goals. (Reading time: 8 minutes)
Inflation is helping run up debt among one group of Americans who may have trouble paying it off. (Reading time: 5 minutes)
Here’s a step-by-step plan for getting out of debt – and staying that way. (Reading time: 7 minutes)
If the new president keeps his promises, retirees could get a break on taxes and see major changes in Social Security and Medicare. (Reading time: 6 minutes)
Investors are looking for better times ahead. But whatever you think of our next president, he shouldn’t get all the credit – or the blame – for what happens to the economy. (Reading time: 3 minutes)
There’s a good chance you’ll have a longer retirement than your parents and grandparents. Make the most of it. (Reading time: 3 minutes)
How to save money, be more comfortable, and protect yourself the next time you take a big trip. (Reading time: 6 minutes)
Depending on your income and how much you decide to convert, absolutely. That’s why planning is so important. (Reading time: 4 minutes)
It might not seem like a big deal when you do it – but it could change the way you live later in life. (Reading time: 4 minutes)
If you want to keep more of your money, keep an eye on it. (Reading time: 5 minutes)
Words to the Wise
“A wise man will make more opportunities than he finds.”
– Francis Bacon
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