The 2016 election race has already offered plenty of surprises, but what could it mean for the economy? Joe Anderson, CFP® and Big Al Clopine, CPA share what they think, then move on to discuss Americans' top regrets in retirement. Are you saving enough money for emergencies? Is your credit card debt hindering your finances? Are you taking enough risk in your financial portfolio? Find out what you can do to improve your finances. Original publish date May 28, 2016 (hour 1). Note that content may be outdated as rules and regulations have changed.
00:00 - Intro
05:15 - “We tend to sell our positions when they go down because we are fearful…and then we buy back in when the market does well”
10:40 - “Here’s an interesting statistic I got from Market Watch: since 1950, a 60/40 bond portfolio…hasn’t had a loss in a five-year period…any five-year period”
17:54 - “Presidential election year or not, it doesn’t really matter. You need to get the right investments for you and stay invested. Rebalance when you need to”
22:53 - “According to this article on U.S. News, they’re saying that people over age 50 spend an average of 40-45% of their household budget on housing and housing items”
27:25 - “We talk about being diversified with investments but you also have to be diversified with your taxes”