CHAPTER FOUR
Long Game Challenge #2: L ow Interest Rates Long-Term By Martin Ruby, FSA s of the writing of this book, I’m in my 70s . Ar entdi r, e mt reunt ht fwu lol uy ,l d fmo ri r rmo ra nt hy e yr eetairrse mIe nats ms uympeadr e mn tys enjoyed. My father was a small businessman, owning a cohuirl dhroemn ’ es icnl oKt he inntgu cskt yo.r eW ihne nS ohuet hr ee rt inr eIdn, dhi ae naan dj u smt ynmo rot ht h eorf lliavdedderoefdf CaDvse. ry common retirement strategy at the time: With this strategy, my parents shifted their retirement fI un ns tdesa da ,wtahye yf r roeml i etdh eo nr i sf ki x ea dn di nvcool ma t ei l i itny sot rf utmh ee ns tt os ctko mp raor tkeectt. their money until they needed it for income in retirement. Of course, this was a winning strategy back then. In 1980, a three-month CD was earning 18 percent. ¹⁶ ¹⁶ Spencer Tierney. Nerd Wallet. May 20 , 202 2 . “Historical CD Rates: Highs, Lhottwpss:,/a/nwdwthwe.nSetordriwesalBleeth.cinodmT/ahretmic.l”e/banking/historical-cd-rates A
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