Politics can have a direct effect on investments, but normal cycles tend to smooth out the ups and downs. However, 2016 may be an exception. The two leading candidates for president, Hillary Clinton, lawyer and politician, and Donald Trump, ultimate capitalist, couldn’t be more different. The election of either could have a dramatic effect on investors’ Retirement Investments in Marysville CA.
The Clinton’s have accumulated substantial wealth after a lifetime in politics. Investors overall didn’t do badly under Bill Clinton’s centrist administration, but would a Hillary Clinton administration be investor-friendly?
Bernie Sanders, the socialist candidate from Vermont, is very unlikely to win the Democratic nomination. The question in everyone’s mind is, “What does he want from Hillary Clinton in exchange for his support?” How much, if any, will he be able to swing her policies, if elected, toward the far left and socialism?
Wall Street
Mrs. Clinton walks the narrow road of appealing to Wall Street bankers (and campaign donors) and middle-class investors while not upsetting Bernie’s voters and the Democratic base to the extent that they stay home on election day. She has said that she will not reinstate Glass-Steagall, but supports Dodd-Frank (Trump would repeal it) and will strengthen the Volcker Rule, which discourages banks from making speculative investments in their own behalf. She has said she will not break up the country’s largest banks, but would impose tougher regulations and fees.
Taxes
Mrs. Clinton proposed changes to the tax code would primarily affect the super-rich or those whose incomes come primarily from investments. Taxes will go up. One of those proposals is a 4% surcharge on those making over $5 million a year. Critics feel that higher investment taxes will hurt the economy.
Wages and Jobs
Mrs. Clinton is increasingly progressive in these areas, particularly regarding raising the minimum wage to $15 and encouraging open immigration and unionization. She would continue or accelerate President Obama’s policies.
Each investor will undoubtedly consider many factors when voting, such as the likelihood of a President Clinton being able to turn her policies into law in a divided Congress.
Successfully managing investments in Marysville, CA requires a deep knowledge of an investor’s goals and objectives. At Ryan Wealth Management, they honor a legal fiduciary obligation to act in the best interest of each client. Check Out Ryanwealth.com to discover how they could assist in meeting your retirement goals.
