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Money Guy Show

Should Elections Change Your Investment Strategy?

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.73.1K Ratings

🗓️ 24 January 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

Does it make sense to change up your investment strategy based on the timing of elections? We'll walk you through that question and more in today's Q&A episode! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,

0:07.0

investing, taxes.

0:09.0

You've got financial questions, he's got financial answers.

0:12.6

It's Brian Preston, the money guy.

0:15.4

All right, so this first one's from Simple Sounds.

0:17.8

This is what Simple Sounds said.

0:19.4

Should I always max retirement accounts first before contributing to my brokerage account?

0:25.4

My taxable bucket is completely empty, so not sure if I should divert some retirement

0:30.7

savings to taxable accounts.

0:32.3

So basically, hey, I'm following the food, and the food says max out retirement.

0:37.2

Is there a circumstance where maybe I should it max out my 401K, and I should start working

0:41.4

on the taxable bucket?

0:43.0

You know, this is a great question.

0:44.6

We get this all out.

0:45.6

Yeah, the free, deliverable resource for financial order of operations, money guy, dot

0:50.9

com slash resources.

0:52.3

Here's how well thought out this is, guys, and just thinking through this, and I want to

0:56.0

talk it through structure wise in this ridiculous costume, is that we've taught about the first

1:01.9

thing, you're going to have access to liquid capital through your emergency reserves, but

1:06.6

your deductibles covered, emergency reserves.

1:09.6

And then remember, don't forget in step three, we're going to have you, you go have, you're

1:14.8

going to be able to focus on actually step five, the Roth and Health savings accounts.

...

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