It’s understandable if pre-retirees and retirees are nervous about the impact of the upcoming presidential election on their retirement savings, especially if they’re keeping up with the news these days. If they are, they might feel as if they’re being whipsawed between conflicting headlines they’ve read or heard in the media.

For example, President Trump claims the stock market will crash if Biden is elected, but not if he himself is reelected. On the other hand, several recent news articles suggest that institutional investors increasingly believe Biden will win, yet the stock market has continued to rise, making it seem that Wall Street isn’t all that concerned about a Biden presidency.

What should pre-retirees and retirees do in the face of these inconsistent reports? Absolutely nothing—if they’ve carefully crafted a strategy that’s designed to help them invest in the stock market in a way that allows them to not worry about stock market crashes.

The fact is, nobody has successfully and consistently predicted how the stock market will perform in the short term, not even the so-called experts. In fact, many studies verify the inability of both professional and amateur investors to successfully time the market over long periods of time.

As a result, if you haven’t already done so, you’ll want to craft an investment strategy that doesn’t require you to be right about the direction of the stock market. Before I describe such a strategy, however, let’s take a deeper look at the impact of past presidential elections on the stock market to see if there’s really anything to worry about.

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