Feb 8, 2019
Join us for a jaunt to Washington. We'll hear from CNBC tax
expert Andy Friedman as he discusses how the goings-on in
Washington could affect the financial services industry.
What You'll Learn:
How Will Washington Affect Your Finances?
- Joel shares an interview with CNBC Wall Street tax expert
Andy Friedman. He
discusses what we can expect out of Washington from a financial and
political standpoint in 2019.
2:14 - The Impacts Of A Divided
- Washington is divided, and the implications of this split is
gridlock in Congress. Andy explains why we probably won't see many
laws passed on tax reform, fiscal change, etc...
3:09 - What Effects Will Democrats Have On The
- The Democrats have taken control of the House of
Representatives. They'll probably hold a series of oversight
hearings that review administrative policies. The House's
committees now have subpoena power, meaning they can force members
of the Trump Administration to testify. These hearings will bog
down any action as it pertains to passing policy.
5:28 - How Will The Public React To Washington
- Many folks are upset with Congress in general, and some are
even more upset by the inaction. Conversely, some Democrats were
angry before and are welcoming the possibility for change.
6:52 - What Good Comes Out Of This
- Many of these hearings will subject the financial services
industry to scrutiny. Perhaps Congress will hold Wall Street
accountable for any dubious activity.
8:58 - How Will The Markets Respond?
- The markets are volatile, and they're waiting to see what will
come from the gridlock. The end of these political stories has yet
to be written.
10:22 - How Does This Affect Your
- Political turmoil can adversely affect your portfolio.
Regardless of what happens on Wall Street, your fears alone can
affect your retirement strategy. Put a financial plan in place that
removes some of the volatility and emotion from your retirement
equation. Find freedom from political
and financial volatility.
"Don't let political turmoil in Washington adversely affect your
portfolio. Political storylines are still developing, and they
don't have to take the joy out of your retirement. " - Money
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For further exploration of this topic and additional resources,
check out our blog here: https://johnsonbrunetti.com/congress-and-your-portfolio/