Capturing higher rates of return as interest rates rise can have a big effect on your spendable income. The numbers for inflation and return don’t coincide with today’s reality, but the principles remain the same. But now rates are rising, and you have the opportunity to participate in my 1% miracle. Ultra-low interest rates from the Fed have been a direct assault on retirees and savers. Those of you who have been diligently saving and intelligently diversifying your portfolio through the last nine years of historically low interest rates are surely wondering if your savings will hold up after you retire. I cannot impress upon you enough the importance of saving more than you think you’ll need. Back in 1991 I addressed the most terrifying aspect of saving for retirement that any investor can face, the prospect of outliving your money.
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