From Tyler: Washington Is Not the Magical Kingdom

I’ve been thinking for some days what to say about the government shutdown, the impasse over raising the nation’s credit limit and what it all means for your money.

Frankly, I’ve been stymied. So last week I went with my family to Disney World. I thought maybe Mickey or Woody would inspire me. Or maybe Captain Jack Sparrow would show me the way as I floated through Pirates of the Caribbean.

No luck.

I really don’t know what to tell you about protecting your money when Washington seems to be run by Goofies and Dumbos, when the stakes are so large but the politicians seem to be humming “It’s a Small World After All”.

I think the most you can do is hope for the best and make sure your money – most especially your 401k or other retirement cash – is well diversified among US and foreign stocks, bonds and a big buffer of safe cash.

But if the country crashes through the debt limit next week, your savings will probably take a hit no matter what. How big is anyone’s guess. It’s never happened before. Just get ready to make like Donald, and duck.

This entry was posted in Politics and Government, Tyler's Blog. Bookmark the permalink.

Leave a Reply