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The new presidents take office of January 20 the year after they are elected.

January 20th is called Inauguration Day, and it has been set on this date since 1937. The presidency actually starts at noon, EST, when the new president is sworn into office. The swearing in takes place at the capital in Washington DC. It is followed by a parade in front of the White House.

The presidential oath is:

"I do solemnly swear that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States."

The outgoing president will greet and dine with the incoming president to represent a peaceful transfer of power.

The new president will give a speech called an inaugural address. The inaugural address usually covers what their hopes are for the country over the next four years.

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Q: When does a newly elected president take office?
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