How Will the new Administration Affect the Economy?

by | Mar 5, 2021 | Videos

A lot of change is to be expected with a new administration, but how that affects our economy is yet to be seen. Stay in the know with Gabe and Ryan, SRP’s Certified Financial Planners

What should you expect in the near future with our new administration?

So what does a new administration mean under Joe Biden, for the decisions coming this year? There are three main things we’re really paying attention to right now.

1) The first is the stimulus 3.0 that should be coming soon. That seems like it’s going to be the first thing the new administration will go after.

2) Secondly, at any point this year, we should be seeing a new tax package. With that, there are some really important things that we’re paying attention to. Further explanation is coming on the tax package as we see more framework built around it.

3) Lastly, we are paying attention to the trade and value of the U.S. dollar.

There’s a lot that’s going to change with the new administration. As to be expected, new policies, but how that affects our economy is yet to be seen. We’re paying attention to major shifts that we think are going to be coming. Stay tuned for that in the near future because that will absolutely impact the average retiree or those heading into retirement, and we want to make sure we have the answers for you.

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