Retirement Expert Bill Losey Discusses Impact of The National Debt Ceiling Debate
Bill Losey, America’s Retirement Strategist®, publishes a new blog providing his thoughts on what would happen if the United States misses the deadline for raising the debt ceiling.
Saratoga Springs, NY. – July 6, 2011 – Bill Losey, author and retirement expert and advisor, recently wrote a blog discussing the federal debt ceiling debate that is reaching a boiling point in American politics. This blog, found on his website http://www.BillLosey.com, titled “The D Word That Haunts Wall Street” asks, “When will the debt ceiling issue be solved?” and “What would happen if we miss the deadline?” As with any national debate that has the potential to disrupt an already shaky economy, Bill knows the impact that this could have for those in the midst of retirement as well as those planning for retirement.
Bill Losey writes, “The NFL, the NBA, the EU, Congress … wherever you look, it seems people would rather wrangle these days than resolve their differences. The U.S. Treasury has set a hard deadline of August 2 for Congress to settle its divide on the federal debt ceiling, and if partisan bickering interferes, the world economy could suffer a severe hit.”
“What would happen if we miss the deadline? According to federal budget analysts at the Bipartisan Policy Center, the Treasury would only be able to make a slight majority of its 80 million monthly payments in August. Treasury Secretary Timothy Geithner would likely be put in the same position as a struggling consumer low on cash and behind on his bills: he would have to selectively decide which debts to pay for the month and which to ignore. Should August 2 come and go without a solution, Congress’s inaction (and Geithner’s subsequent decisions) would have dramatic global repercussions,” continues Bill.
Bill concluded, “It may just be a matter of time. This negotiation is ultimately like so many others: a ticking clock will exert the most leverage. Given the gravity of what could happen, concessions will inevitably occur, a deal should happen (albeit probably at the eleventh hour), and both sides will put their own spin on the agreement. Until then, a hint of tension haunts Wall Street. Stay tuned.”
To read the entire blog please visit http://www.billlosey.com/blog/the-d-word-that-haunts-wall-street.php
Other recent blogs written by Bill Losey include “The Current CD Quandary – Today’s Yield Can’t Beat Inflation,” “4 Reasons For Optimism,” “The Debate About Our Debt Ceiling”, “Will Gas Hit $5 or $6 A Gallon? When Will We See Relief?”, “How To Build Good Credit (and Improve Your Credit Score)” and “2 Reasons NOT To Take Early Withdrawals From Your Retirement Accounts,” among others.
Bill is a nationally known and respected retirement expert, specializing in 401k rollover advice, self-directed IRA rollovers, 401k direct rollovers, and many other investment and retirement strategies. Bill’s company, Bill Losey Retirement Solutions, LLC, is an independent registered investment advisory firm that caters primarily to couples as well as divorced and widowed women nationwide (age 50-70) who demand objective financial and retirement advice; customized, fee-only investment management; attention to detail; and impeccable service.
Bill Losey’s award-winning free weekly email newsletter, Retirement Intelligence®, recently celebrated its 200th issue. Each issue of RI reveals how-to-articles, secrets, investment ideas, a “Joke Of The Week”, fitness and diet tips, and promotes upcoming seminar dates to keep subscribers “in-the-know.” Bill and his staff seek to provide informative and entertaining information readers can use to simply and confidently enhance their health, wealth and happiness.
Retirement Intelligence® is a $497 value, but is available for free on Bill’s website http://www.MyRetirementSuccess.com
About Bill Losey:
Bill Losey, CFP®, CSA, America’s Retirement Strategist®, is a highly sought-after advisor, retirement authority, thought-leader, author and TV personality because he makes the complicated and mundane topics of investing and retirement fun!
Bill has over 20 years experience in the financial services industry and is a Certified Financial Planner™ practitioner, a Certified Senior Advisor and Certified Retirement Coach. He is the author of Retire in a Weekend! The Baby Boomer’s Guide to Making Work Optional (a 2008 Finalist at The Indie Excellence Book Awards), Founder of National Retirement Planning Month, and he publishes Retirement Intelligence®, an award-winning weekly newsletter that reaches thousands of subscribers worldwide.
As a qualified professional in the areas of retirement strategies, personal finance and investing, Bill has been seen and heard on the FOX Business Network, CNBC, ABC News Now, CNN Radio, the CBS Evening News, Oprah & Friends, Martha Stewart Living Radio, Montel William’s “Montel Across America”, CBS6-TV, CW11 Morning News, Retirement Living TV, Leading Experts TV, the CBS Radio Network, TIME, AARP Magazine, BankRate.com, CNNMoney.com, Forbes, Aol.com, SmartMoney.com, Morningstar.com, the Wall Street Journal Online, U.S. News & World Report, BusinessWeek.com, Kiplinger’s Personal Finance, AARP Bulletin, CNNfn, FOX’s “Hannity & Colmes”, Wall Street Journal Blogs, Yahoo! Finance, MainStreet.com, Bloomberg Business Radio, CNN.com, FOX News Radio, The Motley Fool, KABC Radio, Federal News Radio, the Armed Forces Radio Network, Wall Street Journal Sunday, Credit.com and hundreds of radio stations nationwide. Bill formerly was the resident retirement expert on CNBC’s “On The Money”; wrote a monthly column called “Dollars & Sense” for Life @ Home magazine; wrote a weekly column called “Making Work Optional” for The Saratogian; was a financial commentator for RNN-TV; and was the guest host of “Money Matters”, a daily personal finance radio program simulcast throughout NY, NJ and CT. In addition to his frequent TV and radio appearances, Bill is a freelance contributer to the AARP, and is the Retirement Success Expert for Boomj.com, a baby-boomer social networking website, and the Guide to Retirement & Retirement Planning at SelfGrowth.com. He has also appeared in New York Daily News, Financial Planning, Investor’s Business Daily, Boston Herald, Personal Excellence, Investment News, The Chicago Tribune, Cents, Oprah.com, The Daily Herald, Inside Information, The Atlanta Journal Constitution, the Journal of Financial Planning, Bottomline Wealth, Hudson Valley Business Journal, Life After 50, Business Life, Plan Advisor, Triathlete, Peoria Journal Star, Kokomo Tribune, The Telegraph Newspaper, AmericanChronicle.com, Senior Market Advisor, Boomer Market Advisor, Reach!, Violet for Women, Boom News, Next!, The Albany Times-Union, The Richmond Times Dispatch, The Sun News, Afro American, Seacoast Newspapers, GrandParents.com, NationalPost.com, ThirdAge.com, American Chronicle, Press & Sun Democrat, LiveStrong.com, The Pacific Business Journal, RetirementForMen.com, The Liberty Tribune, PlacesOfValue.com, Bucks County Courier Times, Central Valley Business Journal, Vermont Maturity Magazine, The Orlando Sentinel, Salt Lake Tribune, SeniorMarketAdvisor.com, The Tampa Tribune, The Troy Record, Alexandria Daily Town Talk, Richmond-Times Dispatch, Portsmouth Herald News, Today’s Charlotte Woman, Dos Mundos, TotallyHer.com, The Saratoga Business Journal, Saratoga Today, PhillyBurbs.com, Oneida Dispatch, Spirit of Saratoga, Senior Beacon, The Bergen Record, The Northeast Pennsylvania Business Journal, Pennsylvania Business Central, Arkansas Aging, TownHall.com, National Underwriter Life & Health, TheStarPress.com, RedwoodAge.com, Asset Magazine, SeniorsForLiving.com, The Australian Financial Review, Asian Enterprise Magazine, Mail Tribune, Registered Representative, The Capital District Business Review and The Chronicle of Higher Education. Bill’s first book, 101 Stock Market Guarantees, was published in 2004.
In his leisure time, Billy, as his friends call him, loves to sing. He is an accomplished vocalist and has performed the National Anthem at Madison Square Garden, the Pepsi Arena and other sporting venues. His love of singing and knowledge of money, combined with his witty sense of humor and desire to fight financial illiteracy, come full circle with his development of hilarious financial-related song parodies found at www.PerfectHarMoney.com.
Bill is a graduate of Marist College and obtained his certification in financial planning from The College for Financial Planning in Denver. He is a member of the Society of Certified Senior Advisors and the National Ethics Bureau. Active in his community, Bill has coached youth soccer and basketball, and has volunteered to help raise money for Special Olympics, March of Dimes, Make-A-Wish Foundation and the American Heart Association. Additionally, he has volunteered his time to advise individuals at the Financial Planning Clinic sponsored annually by the Certified Financial Planner Board of Standards Inc.
Bill has been married for 21 years to his wife Tori. Together they have three sons, two dogs, and two fish.
For more information, please visit http://www.BillLosey.com