GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
With that in mind,how might a Harris administration impact your 401(k)?
Potentially Strong Returns on Renewable Energy Investments
The Biden-Harris White House has pushed clean energy initiatives.
That would likely accelerate under a Harris presidency.
Serial entrepreneurBrenda Christensennoted that U.S. green energy companies stand to perform well under a Harris administration.
If so, your 401(k) could benefit from renewable energy-themed mutual funds and exchange-traded funds.
That could increase prices for consumers, as companies tend to pass on increased costs by raising prices.
In fact, the Biden-Harris Housing Plan proposed nationwide rent stabilization laws targeted at corporate landlords.
Harris has strongly supported capping rental increases, Curry said.
On the corporate side, the administration proposed raising the corporate tax rate from 21% to 28%.
Increase your savings rate.
Contribute to tax-advantaged accounts such as 401(k)s and individual retirement accounts.
Invest in a diversified portfolio.
You have far more control over your own investments than you do the presidents policies.
More From GOBankingRates
Share This Article:
