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What does election uncertainty mean foryour finances?
Administration changes can affect any number offinancial laws, regulations and policies, Fritch said.
Its best to wait and see before making big moves, he said.
Check out which money moves you want to put off, andwhich ones to make.
This catastrophic loss could have been avoided by postponingmajor investment decisionsuntil after the election results were clear.
Because housing market dynamics are inextricably linked to economic policies, they can shift dramatically with new leadership.
This underscores the wisdom of delaying significant property decisions until the political landscape stabilizes.
Review your estate planning documents like wills and trusts to ensure theyre up to date, advised Fritch.
Contribute enough to get any employer match in your retirement accounts.
Pay off high-interest debts to avoid fees.
And check your insurance policies to ensure proper coverage.
The most prudent money moves are often theboring, responsible onesyou should be doing anyway, Fritch said.
Do Apply Caution
In general, Godur recommended approaching your financial strategy with caution during election seasons.
This allows you to navigate potential upheavals more smoothly, keeping your long-term financial goals on a steady path.
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