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Fed Rate Hikes & Your Retirement: What to Know

The Federal Reserve Board has been hiking interest rates at near record pace since early 2022. While most people know that hurts borrowers and debtors seeking loans, as they must now pay more for them, how are ordinary retirees affected? Chris Carosa of Forbes explores that in this piece. Higher interest rates affect real estate, whether you hold it for personal use or as an investment. Bank interest rates are up, too, which helps fixed-income investors. Still, “Rising interest rates can have a detrimental effect on retirement savings investments, as they can make it more difficult for investors to generate returns” says ex-investment banker Tommy Gallagher. Full article here.

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