Here is an article written for my local community blog in Golden Valley, MN on July 26, 2011. The article discusses how the debt limit could affect your 401(k) account. If you ever want to talk about your 401(k) plans, feel free to call me at 763-377-2006.
Here is a clip of the article:
“If the U.S. government does “shut down” or the rating on its debt is downgraded for the first time in history, interest rates may rise quickly. Rising interest rates means a drop in the market value of bond mutual funds.
If no “grand bargain” is announced in the next few days, the world’s stock markets could fall quickly and broadly. No stock mutual fund would be spared in a potential price drop in that event.
Take the time now to set a plan for the principal preservation in your company retirement plan account over the next few stock and bond market trading days.”
For the rest of the article, just follow this link: 401k AdviceHere is an article written for my local community blog in Golden Valley, MN on July 26, 2011. The article discusses how the debt limit could affect your 401(k) account. If you ever want to talk about your 401(k) plans, feel free to call me at 763-377-2006.
Here is a clip of the article:
“If the U.S. government does “shut down” or the rating on its debt is downgraded for the first time in history, interest rates may rise quickly. Rising interest rates means a drop in the market value of bond mutual funds.
If no “grand bargain” is announced in the next few days, the world’s stock markets could fall quickly and broadly. No stock mutual fund would be spared in a potential price drop in that event.
Take the time now to set a plan for the principal preservation in your company retirement plan account over the next few stock and bond market trading days.”
For the rest of the article, just follow this link: 401k Advice
