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Budget brinkmanship is killing my retirement

As someone who has neither a defined pension plan nor a government provided plan, I am totally fed up with the budget and debt ceiling battles in Washington ("Opening round in funding fight," Sept. 20). Like millions of Americans, my previous employers provided me with a 401k plan which means I must self-direct my retirement planning. Yes, I have a financial planner, but even he is at a loss in developing a solid financial plan when one has very little idea what the idiots in Washington will do this fiscal go around.

Like other 401k and Individual Retirement Account owners, my retirement funds took a hit during the financial crisis. I don't want to ever experience that again. But what's happening today? Some in Congress are threatening to hold the debt ceiling increase hostage to their other demands. This continued brinkmanship unsettles the markets, which has a negative impact on our retirement funds. What would happen were the government to actually default is even scarier.

The more Washington plays this almost annual game of "who blinks first," the better the chance becomes that no one blinks at some point and default does happen. The impact will be devastating, not only to businesses but to those like myself who will find their retirement funds hit, again.

I have had enough! Stop acting like a bunch of undisciplined two-year olds and allow me, and millions of other Americans, to be secure in the knowledge our finances are safe.

Dan Waszelewski, Carney

Copyright © 2015, CT Now
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