As we near the holiday season and end of the year, what’s been happening in our country? How does it impact what we do in our own financial planning? Anything we should do before the year is over?
What does the election mean for planning for 2021, especially when we don’t have official results yet? Even without total clarity on our politicians, the economic results are coming back fairly strong, especially when it comes to consumer spending.
We'll talk about that on today's episode.
Read the show notes here: https://doncashpodcast.com/podcast/evaluating-the-end-of-the-year-2020/
What we discuss on this show:
1:14 - COVID is spiking sadly.
3:52 - The election results are not yet finalized.
5:22 - The stories about possible vaccines are promising.
7:16 - What does a divided Congress mean for taxes?
9:10 - What moves should we make before the end of the year?
10:29 - Any changes with Social Security?
12:46 - What specific financial planning moves should we consider?
16:19 - What are long-term capital gains and qualified dividends?