How Interest Rates Affect Retirement

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How do interest rates affect my retirement plan?

Rounding it up

  • A retirement plan typically consists of setting aside money in savings and investment accounts that will generate income for your non-working years.

  • Whether your retirement funds are in savings or investment accounts, they are affected by interest rates.

  • As interest rates rise, savings accounts and long-term bonds become more attractive. As interest rates fall, stocks become more attractive.

  • You should pay close attention to interest rates, especially if you are nearing or in retirement.

9 min read

Ally Streelman
#retirement#interest#interest rates#investment

Ally Streelman

Ally Streelman is a storyteller whose work spans money, wellness, travel, and more with the chief goal of empowering readers. When she’s not stringing together sentences, you can find her immersed in a new city, cookbook, or novel or encouraging women to take hold of their financial journey.

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