On this week's episode of the Retirement Matters Podcast, we talk about how the recent election demonstrated the strength of our democracy, with a smooth transfer of power highlighting our shared values over differences. As we move forward, discussions on government efficiency, tax cuts, and growth policies offer potential opportunities for individuals and the economy.
The stock market is reaching historic highs, with the S&P 500 surpassing 6,000 points and the NASDAQ also setting records. Despite a strong labor market, interest rates are declining, and favorable tax policies may be extended, creating a positive environment for growth.
Over the next few weeks, I'll provide strategies to help you prepare for 2025, whether retirement is 20 days or 20 years away. Together, we'll explore market trends, economic opportunities, and insights to ensure you're ready for the road ahead.
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Always remember to Save Money, Plan Well, and Live Happy in retirement.
DISCLOSURE: R.D. Smothers Wealth Management is a state registered investment adviser under the laws of the Commonwealth of Kentucky. Registration as an investment adviser does not imply any level of skill or training. Insurance products and services are offered and sold through RDS Insurance Group. R.D. Smothers Wealth Management and RDS Insurance Group are affiliated but separate entities. The oral and written communications of an adviser provide you with information about which you determine to hire or retain an adviser. For more information please visit: https://adviserinfo.sec.gov and search for our firm name.
This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of publication and are subject to change without notice. Past performance is not indicative of future results.