5 Ways Rising Interest Rates Affect Your Retirement
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- Опубликовано: 28 июн 2024
- To combat inflation, the Fed has been consistently raising rates. Here are 5 ways that rising interest rates affect your retirement.
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Timestamps
0:00 - How rising interest rates affect your retirement
0:38 - Credit card interest
1:29 - HELOC interest
2:13 - Mortgage interest
2:50 - Auto loans
3:37 - Retirement portfolios
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Thank you for keeping us well informed.
Thanks for the great video!
Another great video.
Great information
But I don't necessarily think all retirees should have short term bonds. This would depend on your portfolio and your goals.
As far as stocks and how they perform and sequence of returns. The risk is definitely possibly here but it doesn't mean it will completely show up because the future is unknown yet. I wouldn't quite worry about sequence of returns yet especially for those who had a reasonable financial plan.
Yeah, higher interest rates can hurt. I don't carry debt other than my mortgage and a car loan but have lost a lot in my bond fund ... no choice in funds to choose long or short term. I was too stupid not to transfer the bond money to the stable value when I heard the interest rates were going up.
On the opposite side if a person has money floating around then some banks CD rates are higher and bond yields are higher as well. It could be an advantage to buy a bond fund with higher rates along with if the prices go up capital appreciation.
I just received an offer from Ford for 0% financing on a new auto so deals may be out there still.
You forgot lump sum payments from a pension 😢
yeah, pols blame everyone else but themselves. Pols loved the Fed when the Fed bought up all the debt the pols issued during quantitative easing (QE) to spend and spend, but hate the Fed for rising rates and quantitative tightening. The dirty secret the pols don't tell you is that higher rates of new treasuries mean the Fed is making a killing on all that near zero debt they scooped up during QE, although it's a self licking ice cream cone, because the balance sheets profits go back to the Treasury which has to pay higher rate on the new issue debt.
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