A new Ask the Expert from Money Magazine tackles the topics of the United States’ federal budget deficit, national debt, and personal debt, and presents some thoughts about the only relevant question: What does it mean for my future?
Walter Updegrave, the resident Expert, says we should not fear the chicken littles who cry we’re going to hell in an Easter handbasket. His advice is to do what you can to plan for your own retirement, and have faith that the market will sort everything else out. Don’t go overboard on gold because doomsayers predict the downfall of the dollar. Just keep saving as much as possible in stocks.
Without a crystal ball, it’s impossible to be sure what to do. It would be great to have a 21st century Gray’s Sports Almanac so I could secure my future. Until I’ll find one, I’ll just keep doing what I’m doing.