US. How The 2020 Elections Will Affect Your Retirement Plan—Regardless Of The Outcome
November may seem far off, but the 2020 election is right around the corner. With the current state of the country, we can expect a lot of changes to take place soon after the election, no matter what the outcome is.
These changes will have huge impacts on Americans financially, so you’ll want to start preparing as soon as possible.
It’s going to be taxing.
We are on the heels of one of the largest stimulus packages in human history, and there are talks of another—even larger—package to come. Basically, our budget deficit and national debt have never been greater and will only grow from here.
At some point, Americans will need to pay this back. Governments of every level—local, state and federal—will need to find more revenue in the form of taxes.
2020 was a year of change. The retirement landscape changed dramatically in 2020. First, we saw the SECURE Act pass in January which changed retirement rules that had been in place since the 1980s.
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