Your Money & Your Life Podcast

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Evaluating the End of the Year 2020

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?

How This Election Compares to Previous Years

Election Day is behind us but the results for this year’s vote are still unclear. As unusual as the 2020 election has been, there are some surprising parallels to previous years. Join us as we go through those and then discuss what we can be doing from a planning standpoint during all the uncertainty.

 

Read more and get additional resources here: https://doncashpodcast.com/podcast/how-this-election-compares-to-previous-years/ 

 

What we discuss on this show: 

0:29 - Election Day has passed 

2:30 - Will be a while before things get settled 

3:50 - Similar to the great election controversy of 1876 

7:17 - So how was that election resolved?

9:52 - What planning considerations do we need to have during all this?

12:59 - What do we do now?

16:17 - Gaining that peace of mind for your future

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