Donald Trump and the New Politics of Our Personal Finances

I do not have a crystal ball, but when financially planning for our home, I prefer to hope for the best and prepare for the worst.

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Donald Trump is the next President of the United States. The Republican party is his party, and they will accept his marching orders. Mr. Trump controls the Senate. Mr. Trump will likely control the House. And the Supreme Court clearly supports Donald Trump.

for a handy guide illustrating the political actions required for his policies to be implemented.

My goal is to use economic think tanks’ research and scoring models to help readers prepare for life under Mr. Trump’s new economic policies and priorities. Whether you support him or not, here is what that means for our personal finances based on those projections.

Retirement

The financial markets

You should never trade based on your political persuasion. Here are three reasons why:

1. The stock market generally rises regardless of who is in office. Political parties have roughly the same average return.
2. Investment portfolio asset…