Op-ed: Here's how to prepare an investment plan for a Trump or Biden presidency

Op-ed: Here's how to prepare an investment plan for a Trump or Biden presidency  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE WED, AUG 12, 2020 YOUR WEALTH Editor's Note How can you actually prepare an investment plan for a Trump or Biden presidency? Financial planning for the U.S. presidential election requires careful attention to each candidate's plans, as well as a thoughtful strategy for anticipating any consequences, experts at The Colony Group say. President Donald Trump and presumptive Democratic nominee Joseph Biden are both focused on stimulating employment and personal prosperity to restart our economy and overcome the financial hardships endured by so many. And both candidates seem focused on tax policy, infrastructure and other spending programs as the main components of their plans to achieve their economic objectives. The similarities, however, end there, as the candidates' approaches to these subjects are quite different. From a planning perspective, The Colony Group officials explain that investors should keep their sights on the long-term secular trends that live well beyond election cycles. I want to pivot a bit here: If you are serious about getting a handle on your finances, check out our new go-to guide, "Personal Finance 101: The complete guide to managing your money." It's a great resource for family members, friends and just about anyone who wants a primer in all things money. You can pick and choose the topics of interest to you, such as creating an emergency fund, saving for retirement and reducing debt. It's one more way CNBC helps you get ahead and stay ahead. For more key stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. The CNBC @Work Summit, scheduled for Oct. 6, will provide an opportunity for senior executives to learn from each other and the world's most influential voices who are defining the future of work. Will you and your teams be ready to lead, or be left behind? Who should join: CHROs, CIOs, CTOs, CFOs and other senior executives who have a major role to play in leveraging the right technologies at the right scale, with the right people running them. For further details: cnbcevents.com/work Jim Pavia @JIMPAVIA Op-ed: Here's how to prepare an investment plan for a Trump or Biden presidency Every four years, as we approach the U.S. presidential election, we reflect on the wide-ranging implications of each potential outcome. Financial planning for the election requires careful attention to the plans of each candidate, as well as a thoughtful strategy for anticipating their consequences. How a payroll tax holiday might ultimately cost workers more next year The payroll tax deferral plan President Donald Trump authorized as part of a series of executive orders could result in higher tax bills for workers in 2021, tax experts said. Trump's payroll tax cut would 'terminate' Social Security, critics say President Donald Trump signed new executive orders on Saturday that included a payroll tax holiday for workers. While that could mean bigger paychecks in the short term, it would also mean significantly less funding for Social Security. If he is able to make the cuts permanent, critics say that would change the program as we know it. Trump's $400 unemployment boost would give Americans $708 a week, on average An executive order President Trump signed Saturday would offer about $708 a week, on average, in total unemployment benefits. That sum may vary, depending on several conditions. Second $1,200 stimulus checks could be coming. 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What we know so far President Donald Trump signed an executive order over the weekend that gave student loan borrowers another three months before they need to resume their payments. Here's what we know so far about the relief. Companies are talking about turning 'furloughs' into permanent layoffs These permanent cost-cutting initiatives are only going to widen the disconnect between Wall Street and Main Street Why stock splits disappeared from our lives "Apple is splitting its stock 4-for-1 in two weeks. What does it mean for you? What might it mean for the broader market? And why have stock split announcements become so scarce in recent years?" CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2020 CNBC LLC. All rights reserved. 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