In a rising interest rate environment – with rate increases predicted over successive Fed meetings – retirees with fixed-rate portfolios are in a quandary: Should they renew their upcoming Certificates of Deposits (CD) maturities at the prevailing rate; or should they hold off until the next rate hike announcement? Renew now and, if rates do rise, rue that renewal decision. Hold off too long, and if rates decline a notch, regret the decision to not renew when you had the chance! This article will talk about a laddering strategy that allows fixed-rate portfolios to get the best of both worlds; …
