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So Money with Farnoosh Torabi

1118: Ask Farnoosh: What Does the Election Mean for Our Finances?

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 6 November 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

Farnoosh discusses what a Biden or Trump win may mean for taxes, jobs, stocks and more. Bankrate's Chief Financial Analyst Greg McBride weighs in with advice and historical context. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money Episode 1118, Ask Farnoosh, post-election edition.

0:05.0

You're listening to So Money, with award-winning Money Guru Farnoosh Karabi.

0:11.0

Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnuosh yourself.

0:20.0

Looking for ways to save on gas or double your double coupons?

0:24.0

Sorry, you're in the wrong place.

0:26.0

Seeking profound ways to live a richer, happier life.

0:29.0

Welcome to So Money,

0:32.0

Welcome to So Money, everybody.

0:34.7

November 6, 2020.

0:37.0

I'm recording this on November 4th in the afternoon,

0:40.0

and currently, as I speak, we do not have an elected president for the next term.

0:47.3

It's very close. It's anyone's guess. We're still waiting for the votes to be counted and by the time you're hearing this

0:54.0

maybe we have a victor maybe we're a little bit closer to knowing but I think this

0:59.7

episode will still stand its ground we're talking about what the results of the

1:04.8

election may mean for our purse strings for how we spend, how we save, how we invest.

1:10.1

Coming up I have a special guest joining me you know him Greg McBride he is senior

1:15.1

financial analyst with bankrate.com and he's someone that I have been working with

1:19.8

for oh gosh I think since the first day I worked at Money magazine all of those years ago,

1:25.9

Greg's always been a trusted source and now he is going to be on the show with us soon to talk

1:30.4

about what a Biden or a Trump win may mean for our taxes for the cost of

1:35.2

health care, the cost of college jobs, all the stuff that's really important to us.

1:40.3

Even if a winner is announced as you're hearing this, if winner has already been announced it could be contested right this is the sort of thing that we knew we were prepared for the election was going to drag on the results are still going to be up in the air for days, possibly weeks.

...

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