How Interest Rates Affect Retirement

Back to learn

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.

Recent Articles

How to open a bank account as an international student

4 Personal finance tips for international students

How much money do you need to move to Canada?

Is cryptocurrency taxable in Canada?

What are the different types of earned wage access?

What credit score do new Canadians start with?

Related articles

What are high interest savings accounts?

6 mins

Andrew Paniello

Learn how to pick the right high interest savings account so you can grow your money and protect your wealth.

What are high interest savings accounts?

6 mins

Andrew Paniello

Learn how to pick the right high interest savings account so you can grow your money and protect your wealth.

#savings

#high interest savings account

#savings account

#interest

Company

AboutCareersCultureLearnPartnersStatus

Connect

The KOHO Visa* Prepaid card is issued by Peoples Trust Company pursuant to license by Visa Int. *Trademark of Visa Int., used under license. **These services are provided by Service Providers, including Visa, Peoples Trust Company and Galileo Processing. Learn more about your finances with Visa Practical Money Skills.