Here is an article written for my local community blog in Golden Valley, MN on May 26, 2011. The article discusses why to not let the U.S. Government manage your 401(k). 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:
“The state of Minnesota budget collapse and state government “shutdown” never put your company 401(k) retirement plan account at risk. But a potential U.S. government debt default most certainly will.
A U.S. government default on its debt obligations is an unthinkable financial risk to the entire world economy. In just 16 days, the U.S. government will not be able to meet payments on its bonds unless the U.S. Congress and President Obama make a deal to raise the current debt ceiling.”
Follow this link if you want to read the entire article: 401k Advice
