Election-Year Anxiety: How to Protect Your Financial Future, by Financial Advisor Elisabeth Dawson

SAN DIEGO - Nov. 1, 2024 - PRLog -- Election years often heighten financial anxiety as political campaigns and media coverage fuel concerns about tax policies, healthcare reform, and economic stability. Elisabeth Dawson, San Diego financial advisor and founder of COPIA Wealth Management & Insurance Services, offers insights to help individuals navigate these times without letting emotions disrupt their long-term financial plans.

"Financial planning is a marathon, not a sprint," Dawson explains. "Reacting out of fear can harm your future security. Staying disciplined is key." With over 26 years of experience, Dawson guides clients through fluctuating markets and election cycles with a focus on long-term resilience.

Election-Year Triggers and Common Pitfalls

During election cycles, Dawson sees clients grappling with "fear of the unknown," which can lead to:

• Impulsive Financial Moves: Halting retirement contributions or delaying key decisions can destabilize long-term goals.
• Political Influence on Investments: Reacting to news cycles often backfires, disrupting balanced strategies.
• Rushed Withdrawals Due to Tax Concerns: Making early withdrawals over anticipated tax hikes can result in avoidable losses.

"Election-year decisions should be based on stability, not speculation," says Dawson.

Strategies for a Resilient Financial Plan

Dawson emphasizes creating a steady financial foundation, focusing on:

1. Guaranteed Income with Fixed-Indexed Annuities: Offering consistent income, annuities provide security through market fluctuations.
2. Wealth Protection via Cash-Value Life Insurance: Cash reserves through life insurance offer flexible, tax-free support for emergencies or investments.
3. Long-Term Strategy: Focusing on the bigger picture sustains financial health beyond political cycles.

Tips for Managing Election-Year Anxiety

To help clients avoid emotional decisions, Dawson advises:

• Limiting Media Exposure: Take breaks from news and focus on long-term goals.
• Seeking Professional Advice: Consulting a fiduciary advisor can offer clarity and prevent hasty choices.

Are election-year uncertainties impacting your plans? Elisabeth Dawson and COPIA Wealth Management & Insurance Services are here to help. Schedule a FREE consultation at 619.640.2622 or visit https://www.elisabethdawson.com/ to start planning for a secure financial future.

CA LIC #0C71264, #0G81294
Investment advice offered through Copia Wealth Management Advisors, Inc.
Copia Wealth Management Advisors, Inc. is a registered investment advisor.