Historically low interest rates that have dramatically affected how pre-retirees manage their portfolios are expected to go up over the next five years, according to the latest projections from the Congressional Budget Office.
Between 2014 and 2019, the CBO expects the interest rate on three-month Treasury bills to rise to 3.5 percent, from where it is now, at 0.1 percent.
The 10-year Treasury rate is expected to rise to 4.7 percent, from 2.8 percent. Both rates are then projected to stabilize through 2024.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
