I have a question completely off topic...I don’t know where to ask it...
I have just retired and have a significant IRA (for me anyway)...
I have been given advice from a financial group to let them invest in a somewhat “safe” investment plan...
Should I wait until after the elections to do this?
If the republicans prevail, is the economy gonna improve?
Nobody knows.
But if I were a betting man... and I do invest...
The market is tired, and interest rates are going to eventually go up. So, eventually, stocks and bonds will both go down.
However, many think that the government will do all it can to keep the ball in the air until after the elections. A bouyant economy is good for the party in power. And, once elected, most Presidents choose to take their recession early in their term.
So, I’d say dribble in some of your money, but take a few years to get fully invested.
I do sleep at Holiday Inns sometimes, BTW.
You should first check out income limitations and penalties for Medicare part B and even the Prescription part. If you take out too much from your IRA, they’ll hit you with a 100% penalty on the premium. Food for thought
Markets like democrats.
They print more money.