Hi all, my first new thread, let's hope I don't get slaughtered for it by mentioning any verboten topics I'm not aware of. 
A bit of context - I'm 57M, married, retired four years, two kids in college with 529s covering their costs. I'm a DIY investor for 35 years. Our portfolio target allocation of about $4.7M is 70/30 with 12-18 months' of cash in Treasury money market funds being part of the 30%. We use this for living expenses.
I'm very active on Reddit, where the topic I'm posting is being discussed feverishly. I come here (and to Bogleheads) to be among the adults and read more advanced topics with generally better insight.
Yet it seems that on neither of these forums is anyone discussing concern about what's going on at the U.S. Treasury. Putting politics aside - difficult as that is - is anyone paying attention and making changes to your allocation? Or are we assuming that the U.S. and its debt commitments are sacrosanct, as they have always been, and that worrying is silly and pointless? Respectfully, I'll be honest: I think that's a bit näive.
We have a lot of exposure to cash, as do most retirees. Family bank accounts, Treasury money market funds, 529 cash positions, etc. - and I am nervous. Too much is being dismantled and too quickly, and there is no apparent conventional oversight. There could be absolutely dire consequences. How are you reacting to this?
A bit of context - I'm 57M, married, retired four years, two kids in college with 529s covering their costs. I'm a DIY investor for 35 years. Our portfolio target allocation of about $4.7M is 70/30 with 12-18 months' of cash in Treasury money market funds being part of the 30%. We use this for living expenses.
I'm very active on Reddit, where the topic I'm posting is being discussed feverishly. I come here (and to Bogleheads) to be among the adults and read more advanced topics with generally better insight.
Yet it seems that on neither of these forums is anyone discussing concern about what's going on at the U.S. Treasury. Putting politics aside - difficult as that is - is anyone paying attention and making changes to your allocation? Or are we assuming that the U.S. and its debt commitments are sacrosanct, as they have always been, and that worrying is silly and pointless? Respectfully, I'll be honest: I think that's a bit näive.
We have a lot of exposure to cash, as do most retirees. Family bank accounts, Treasury money market funds, 529 cash positions, etc. - and I am nervous. Too much is being dismantled and too quickly, and there is no apparent conventional oversight. There could be absolutely dire consequences. How are you reacting to this?