Categories
Personal Finance FAQ

How Should I Adjust My Financial Plan in a Biden Presidency?

Now that Joe Biden has been declared the winner of the 2020 Presidential election, you may be thinking about what changes you need to make in your financial plan to prepare for a Biden presidency.

Here’s what you need to do:

Not. A. Darn. Thing.

If you had a plan on Monday before the election, then your plan is still good and valid now that Biden has been declared the winner.

It’s that simple.

Keep to your existing plan.

Very little will actually change in the daily finances of the average U.S. citizen.

For everything else that may or may not change, your daily finances won’t.

Trying to read any other tea leaves is a fruitless exercise. Nobody knows what will happen, and your crystal ball isn’t better than anyone else’s.

So, keep to your plan, just like you always have.

By

Jason Hull, CFP®, was the co-founder of Broadtree Partners, a firm that acquires $1-5MM EBITDA companies. He also was the co-founder of open source search consultancy OpenSource Connections, a premier Solr and ElasticSearch firm. He and his wife FIREd (financial independence retire early) at 46 and 45, respectively. He has a BS from the United States Military Academy at West Point and a MBA from the University of Virginia Darden Graduate School of Business.

You can read more about him in the About Page.

Leave a Reply