CFG Retirement Website: https://cfgretirement.com/
CFG Retirement Phone Number: 952-657-7470
The debt ceiling has been in the news a lot lately. And while it's easy to tune it out or gloss it over, it can have a real effect on your bottom line. Today, Vince Oldre from CFG Retirement Group breaks it down. This is not a political or partisan discussion - we are only talking about your money.
When faced with the dilemma of the debt ceiling, one of two things can happen. Congress can increase the debt ceiling, risking higher inflation. Or they can default on the country's obligations, which can have really detrimental ramifications to our overall economy. In fact, it's never happened.
There are a number of things you can do to protect your financial future. Bonds are likely at risk for inflation. Vince explains some bond alternatives we can look at, including structured notes, hedge equity portfolios, and fixed index annuities. We also touch on gold and silver and their potential as part of a diversified portfolio, but Vince warns against putting all of your eggs in one basket - even a golden one.
Bottom line: The government will do what it does with the debt ceiling. You can't control that. But you can control what you do in your portfolio for your financial future.
Additional Reading:
https://finance.yahoo.com/news/happen-u-doesn-t-raise-090000204.html