Election 2020: 3 Things Retirees Should Pay Attention To

When it comes to your money in retirement, here are three main issues that seniors should pay attention to before they cast their votes in the 2020 presidential election. Donald Trump or Joe Biden: Which candidate’s policies fare better for retirees?

Retiree wearing an I Voted sticker at a polling place
(Image credit: Getty Images)

The coronavirus is making this election year different from any other in history, and while we can’t predict how Wall Street will react to the presidential race, we can look back at history to gauge stock market performance in an election year. The stock market ebbs and flows with a four-year election cycle. Historically, market performance is worse in the first half of a president’s term compared to the second half. Some believe party affiliation matters when it comes to stock market performance. While history shows stocks have performed slightly better under Democratic administrations, performance hasn’t varied much when either party is in the White House.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Tony Drake, CFP®, Investment Advisor Representative
Founder & CEO, Drake and Associates

Tony Drake is a CERTIFIED FINANCIAL PLANNER™and the founder and CEO of Drake & Associates in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He hosts The Retirement Ready Radio Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement.