From your 401(k) to bonds, here's how to protect your financial well-being as debt default worries grow | CNN Business

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The White House and House GOP negotiators are rushing to finalize a deal to raise the country’s debt limit.

On Friday, Treasury Secretary Janet Yellen warned the department will not have enough funds to pay all of the nation’s obligations in full and on time if a deal isn’t reached by June 5. This gives lawmakers a few more days to put a package together, but the X-date is still quickly approaching. On Wednesday night, Fitch Ratings laid out a stark warning to the US government: Raise the debt ceiling or put the world’s biggest economy at risk of a downgrade.

“You don’t want to get over-invested with a recession on the horizon,” Reynolds said. In his view, it’s only worth taking advantage of a market sale if the S&P 500 dips below 16% of its current value. Short-term investors should be even more cautious, experts said. Expect volatility in bonds Bond investors should expect volatility even during deal negotiations.

 

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