Fed rate hike appear to be very close to hitting the center stage and what could this possibly mean for all the potential retirees and the ones enjoying retirement benefits? Many experts are claiming that we are going to see the rate see the hike that was long anticipated and that the federal reserve will finally be able to give increases on the interest rates; probably as early as the end of the current month. This could be a surprise that we would all want to hear about.
Fed rate hike on the horizon:
If you are one of those persons that always wants to know about what lies in wait for them, then you would definitely want to know about this. Your retirement portfolio could see some alterations in the near future and this is only natural as recent surveys have revealed that around 55 percent of American investors have economy on the top of their financial concern list; which is instigated by the tension created by the possibility of the interest rate increase.
This year we might not observe that staggering a change but because it’s possible that the interest rates might go on rising up to 7-8 times in the coming 3 or 4 years, the effects would most definitely be felt.
The rate hike will have effects on almost all the domains out there. In order to not get affected severely, the best way is to keep cash with you as much as possible. Also, it’s always a good idea to get short-term funding and bonds because high interest rates could get you thinking if you don’t. All in all, this recent revelation can turn out to be a good thing for some and a bad thing for the rest, but here’s hoping that whatever ends up transpiring affects most of the lives in a pleasant manner.
