There is threat of a delay in increasing the debt limit. With that uncertainty, what suggestions would you give people worried about their retirement investments?

In times of uncertainty, there are a few best practices that savers of all ages should keep in mind when investing for retirement:

Stay focused on the long-term and avoid making frequent changes in an attempt to time the market.
Review your asset allocation investment strategy to ensure it remains aligned with your retirement goals and risk tolerance based upon where you are in your retirement horizon.
Don't go at it alone. Utilize tools and resources offered by your retirement plan provider or employer and seek guidance from a financial professional who understands your personal financial situation and long-term goals to avoid reacting emotionally.

Related: SECURE 2.0: Year-by-year breakdown for employers and plan sponsors

Social Security has been off-limits when it comes to changes in the program that would cut benefits. Is it still off-limits or should people be worried?

An average of 66 million Americans receive a Social Security benefit each month so we believe it's highly unlikely there will be bipartisan support for cutting Social Security benefits. Ensuring the longevity of Social Security needs to be a focus of future conversations considering the number of Americans aged 65 and older is expected to increase by 31% by 2035 [3]. As a result, it is crucial that we help people understand and plan for Social Security as an essential piece to the retirement puzzle to help create sustainable lifetime income.

Instant Insights /

Retirement industry leader talks SECURE 2.0: Q&A with Principal Financial's Chris Littlefield

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