A Saint Valentine's Day MassacreBy
Financial repression—keeping rates so low for so long that real rates on savings actually turn negative—has led to an extremely dire situation for retirees and near-retirees. Many of these investors rely on traditionally more conservative, interest-bearing instruments (corporate bonds, Treasuries, and bank CDs) to provide income in retirement. It wasn’t that long ago that rates like 4% to 6% seemed like a sure thing. This is no longer true. Now that rates are close to zero, near-retirees may no longer be confident in their traditional sources of low-risk income, causing them to re-think their retirement timing.
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