[Norton]

I am not sure if this is the right place for this question. What happens next now that US debt ceilling has been suspended until 2025? As much as I wanted putting money in monthly, I cant help but to worry about what happened next.

What would you do if you were just few years before retirement stock plummet just before you can cash out for retirement?

[Tan]

Stocks plummeting is what I have been waiting for. Praying to it to happen everyday but it keeps going green nowadays. May be you should sell more so I can get a discount on my stocks.

[Brandon]

You should have 2-5 years of expenses in low risk investments as a hedge against market downturns. Then this ceases to matter.

You have to determine your risk tolerance though and decide how much to put aside.

[Sean]

It’s happened now 79 times since 1960. I will continue to be unconcerned with it, as should you.

[Alex]

They raised the debt ceiling many times before. RELAX

[Shawn]

The Treasury needs to refill its general account. Doing this could remove liquidity from the system. Historically when liquidity contracts, markets drop.

If you’re close to retirement, the general consensus is to reduce equity exposure. But everyone has a different situation.

[Julie]

It’s all a politic divisive tool. Every few years they break out the threat of the economy collapsing due to not raising the debt limit. It always passes.

Be great if our federal government became financially responsible like many people.

[Author]

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