Perhaps both traditional and Roth IRAs can play a part in your retirement plans.
While the political world will focus on the election for some time, financial markets have already shifted their attention to the next administration’s policies, Federal Reserve rate cuts, and the underlying economy.
In the remainder of the week following election day, the S&P 500 gained 3.7%, the Dow 4.2%, and the Russell 2000 index of small cap stocks surged 6.1%. Bitcoin also rose above $80,000 for the first time. Even though this sudden jump in markets is positive for portfolios, it’s always important to stay disciplined by maintaining a long-term perspective and focusing on fundamentals.
