CHAPTER FOUR
Long Game Challenge #2: Persistently. Low. Interest Rates. By Martin Ruby, FSA s of the writing of this book, I’m seventy-two years ol d. And, truthfully, for many years I assumed my retirement would mirror the retirement my parents enjoMyeydf.ather was a small businessman, owning a children’ s cKleont ht ui nc gk ys.t Wo rhe einn hSeo ur et ht ier rend , I hn ed iaannda mj uys tmnootrhtehr ol ifvoe ud rohf foamvee ri ny common retirement strategy at the time: laddered CDs. With this strategy, my parents shifted their retirement funds away from t he risk and volatility of the stock market. It nh se ti er amd o, nt heeyyu rnet li il etdh eoynnfei xe ed de di ni tc of omr ei nicnosmt reu mi n ernettsi r teompernot t. e c t Of course , this was a winni ng strate gy back the n. In 1980 , a th ree- month CD was earning 18 p ercent. 15 15 Spencer Tierney. Nerd Wallet. April 28, 2020. “Historical CD Rates: Highs, Lows, a nd the Stories Behi nd Them.” https://www.nerdwallet.com/article/banking/historical-cd-rates A
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