How new administration might impact 401k plans
Автор: WCNC
Загружено: 2020-12-10
Просмотров: 426
Описание:
One major economic indicator performs after a presidential election, and the data says it happens when there is an administration change.
When President-Elect Joe Biden is sworn in, what might the stock market do? And how might that affect your investments and 401k? History might be a good place to start.
The stock market can be fickle, experts say it is forward-looking always, about three to six months out.
“When elections happen, people tend to get emotional and they can be overly optimistic or pessimistic,” said Scott Fligel, a Wealth Management Advisor with Northwestern Mutual in Charlotte, NC.
Experts note that the party doesn’t really matter that much, based on history anyway, so don’t panic because there might be change.
https://www.wcnc.com/article/money/ho...
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