Retirees are realizing a $1 million nest egg at 62 only means $29,630 in real spending power
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Retirees with a $1 million nest egg at 62 find their real spending power is only $29,630 due to rising interest rates. The iShares 20+ Year Treasury Bond ETF (TLT) has faced significant losses as the 10-year Treasury yield increased from 2% to 4.61%, while the S&P 500 rose by 194%, highlighting the risks of conservative investments in a rising-rate environment.
Source: MSN The copyright of this article belongs to the original author/organization.
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