These Americans say their finances haven’t improved since the 2016 election

Economic improvements aside, the best move for families is to step back from the political environment and strengthen their finances.

“Politics come and go, and economic cycles are going to be what they are, but try to remain focused on your personal financial goal,” Hamrick said. Here are a few suggestions.

Build your emergency fund: Stash away at least six months’ worth of expenses so that you can cover surprise costs or get yourself through a period of unemployment.

Put money away for retirement: The more you earn, the greater flexibility you have to save in your 401(k). However, even if you can’t max out your annual contributions at $18,500 (plus $6,000 if you’re over 50), put away at least enough to get the employer match.

Be mindful of your time horizons: Money you won’t need for another 20 or 30 years — like your 401(k) plan balance —could be subject to short-term market volatility. Ride it out, said Hamrick. Be cognizant that money you need in the short-term might be better allocated more conservatively.

“No matter what the emotions and the volatility might be with respect to the political environment, we need to stay away from acting on emotions when we manage our finances,” Hamrick said.

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