What does the shutdown mean for your money?
You asked. Our financial experts answered. #AskCNBC
- Question: What market signals should I be looking for?
- Answer: Jean Chatsky cautions individual investors against looking for one signal. She says your best move is to make sure you're balanced in a way that works for you. Watch the discussion below for more advice.
- Question: Is it wise to pull my investments out of the market?
- Answer: NYSE Institutional Broker and market analyst @KennyPolcari says, "absolutely no." Here's why:
- Question: What about my 401k? On Facebook, Dawn Diley asks, "For those with a sizable 401k, and less than 10 years to retirement, how does one best protect the current value of the 401k? How real is a threat of hyper-inflation here, any thing like the Russians experienced as the Soviet Union fell apart in the early 90s?"
- Answer: It's a matter of when you need those 401k dollars. The money that you need in 5 years can stay in your 401k, but it shouldn't be in stocks. @JeanChatzky explains:
- Question: On Facebook, James Adams asks, "Im 30 years old. Do you think the shutdown is a buying opportunity for me? I have close to $50k in an old 401k I need to decide how to invest."
- Answer: NYSE Institutional Broker and market analyst @KennyPolicari says if you're 30 years old, it's absolutely an opportunity to invest.
- Question: Are my money market funds safe? @Sharon_Epperson reports that Fidelity is taking precautionary steps to protect investors' money market mutual funds.
- Question: How will the government shutdown impact my healthcare benefits?Answer: If you're getting healthcare benefits from your employer, @JeanChatzky says you should be fine. Otherwise, call your healthcare provider for a "sanity check."
Question: On Facebook, Michael Cox asks, "Should I be concerned about my money in the bank?"
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