This is what many consumers are contemplating and the telephone calls and email messages I keep receiving are confirming this. However, this may not be the specific question or there could possibly be a better way to phrase it.
The big question is – How will all of this impact your retirement?
If you don’t work for the Federal Government, then a significant way this shutdown is likely to affect you is if you have too much of your portfolio at risk in the markets. Let’s go through the logic about this.
If the government shutdown continues longer than the market is satisfied with, market values will fall.
1.Too much of a decline in market values can easily lead to a bear market, as market values are barely hanging on as things are.
2.If you’re dependant upon your market based portfolio to supply you with all you need in retirement, this potential pullback could put you in a serious bind.
Of course, if you have already set aside enough of your portfolio to provide your retirement income in safe accounts with guarantees, then you are in great shape and you have nothing to worry about. The government shutdown will probably be nothing but a semi-interesting diversion in your daily life.
However, if you haven’t yet carved out a portion of your retirement savings to place into those safe accounts with income guarantees, then this is the time to do this while you still can. For you, an extended shutdown might be devastating to your portfolio as well as your retirement security.
Don’t allow the actions (or inactions) of political leaders negatively affect your retirement security. It’s a good time to pick up the phone and call the office to discuss your retirement and investments. It’s free and simple, just call me at 916-509-7227. or email me at firstname.lastname@example.org
Chief Advisor of Aaron Matthews Financial Resources
Matt is an authority on creating innovative tax and investment solutions to help his clients succeed in their retirement years. The strategies Matt Golab has established and passed on through successful financial planning with hundreds of clients over the years has launched him in to the national spotlight.
He is often featured in Senior Market Advisor Magazine, a publication which attracts the top financial planners in the country. Matt has been featured in newspapers around the country passing on the principals for a successful retirement. Golab is often asked by national websites that focus on the education of consumers to present his knowledge on the areas of retirement and retirement income plans. Matt is frequently featured in The Wall Street Journal, CNBC, MSN Money, The San Francisco Chronicle, Newsweek, TheSmartRetiree, Burlington County Times and soon will be appearing nationwide on ABC, CBS, Fox, and NBC as well as USA Today. If you would like to know how to get in contact with Matt or simply want to learn more about Aaron Matthews Financial Resources just click right here! Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.