Our growing national debt has dropped out of the headlines recently - but that doesn't mean that the problem has gone away. The "official" national debt recently topped $17.5 trillion, and is projected to reach $27 trillion within 10 years. Including unfunded liabilities of Social Security and Medicare, real indebtedness exceeds $83 trillion.
The threat of our growing debt will make retirement planning both more difficult and more important. Economic growth will be slower and more uneven, leading to a more volatile investment climate. In addition, government benefits like Social Security and Medicare likely face significant cuts. How will investors be able to protect against downside risk while also achieving adequate growth?
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