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need to know
Europe rally after selloff; weekly drop in view
Rolls-Royce cuts dividend 39% as profit falls
German GDP grows 0.3% as exports decline
Japan officials' comments fail to weaken yen
Japan will 'act appropriately' over yen: fin. min .
Clinton, Sanders clash over costs at debate
Commerzbank returns to profit; revenue rises
Uber to pay riders millions to settle safety suits

CEO Jamie Dimon’s $26 million bet on J.P. Morgan
Jamie Dimon joins the ex-billionaires club

U.S., Russia agree to Syrian cease-fire

5 things to know about the Costco and AmEx breakup

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

Japan stocks tumble to lowest point in a year
Japan warns investors about surging yen
North Korea reportedly executed top general

Sweden’s negative  rate isn’t as scary as it appears

Boeing has long history of probes on accounting
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?
Yellen in Senate: Stock swoon not Fed's  fault

Pandora’s spending plans dismay investors

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Jeb Bush says Trump would be worse than Obama
Obama’s U.S. is a land of economic discontent

 
Trust the BLS more than the Dow: top economist

The 10 toughest investment decisions

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

/conga/frontpage.html 367782

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,046 -2 0.09%
Gold
/quotes/zigman/33772884/delayed 1,238 -10 0.76%
Oil
/quotes/zigman/2260836/delayed 27.42 +1.21 4.62%
FTSE 100
/quotes/zigman/3173262/delayed 5,625 +88 1.58%
DAX
/quotes/zigman/2380246/delayed 8,863 +110 1.26%
CAC 40
/quotes/zigman/3173214/delayed 3,954 +58 1.48%
FTSE MIB
/quotes/zigman/1482176/delayed 16,149 +376 2.38%
IBEX 35
/quotes/zigman/2759620/delayed 7,844 +98 1.27%
Stoxx 600
/quotes/zigman/2380150/delayed 309 +5 1.77%
Asia Dow
/quotes/zigman/6959860/realtime 2,392 -45 1.83%
Nikkei 225
/quotes/zigman/5986735/delayed 14,953 -761 4.84%
Hang Seng
/quotes/zigman/2622475/delayed 18,320 -226 1.22%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,057 +105 0.46%
Singapore
/quotes/zigman/1709939/delayed 2,540 +2 0.07%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.40%
Yen
/quotes/zigman/16008150/realtime/sampled 112.55 +0.12 0.11%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.21%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.17%
DXY Index
/quotes/zigman/1652083/delayed 95.84 +0.24 0.25%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.89 +0.12 0.14%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.69 +0.03 1.60%
German 10y
/quotes/zigman/15866409/realtime 0.22 +0.02 13.08%
Italy 10yr
/quotes/zigman/15866497/realtime 1.68 -0.03 1.90%
Spain 10yr
/quotes/zigman/15866444/realtime 1.79 +0.01 0.78%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.36 +0.06 4.41%
Japan 10yr
/quotes/zigman/15866525/realtime 0.08 +0.06 442.45%
Crude Oil
/quotes/zigman/2260836/delayed 27 +1 4.62%
Gold
/quotes/zigman/33772884/delayed 1,238 -10 0.76%
Corn
/quotes/zigman/25518691/delayed 361 +0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 15,712 +100 0.64%
S&P F
/quotes/zigman/43106711/delayed 1,839 +14 0.78%
Silver
/quotes/zigman/32655632/delayed 16 0 0.72%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.6%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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SmartMoney Blogs

Encore
A blog about living in and planning for retirement

Low Interest Rates Weigh on Retirees

Low interest rates may be a boon for those in need of a loan. But they are anathema to retirees, who must live on their investments and the income they generate.

According to the latest installment of a quarterly poll by Wells Fargo & Co. and Gallup, Inc., investor confidence declined sharply in recent months from +40 in February to +24 today.  Among retirees, the decline has been especially sharp — from +61 a year ago to +38 in February to +17 today.

For retirees, low interest rates are a big part of the problem, according to Karen Wimbish, Wells Fargo’s director of retail retirement.

“A year ago, retired investors were three times as optimistic as working Americans and now retirees are less optimistic,” Ms. Wimbash said in a press release.

“Our questions on interest rates show the impact low rates are having – they are challenging for retirement nest eggs, particularly when core inflation rate growth is about 3% a year and CD rates are yielding less than 1%,” Ms. Wimbash says.

Conducted from May 4-12, the poll includes responses from 1018 individuals, each with investments of $10,000 or more. The responses indicate:

  • 33% of respondents say low interest rates will cause them to delay retirement.
  • 45% of non-retirees and 34% of retirees fear that today’s low rates may cause
  • them to outlive their money.
  • 26% of non-retirees and 19% of retirees say low rates will cause them to put money in investments they might have avoided.
  • 32% think today’s low interest rates are likely to lead to a sharp increase in inflation.
  • 29% of non-retirees say rising healthcare costs have reduced their ability to save for retirement
  • 12% say rising healthcare costs have forced them to delay retirement.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (2 of 2)

View all Comments »
    • The article is a fluff piece that states the obvious and does not merit being carried in the online version of the WSJ.

      Any retiree has ready access to a high number of no-load mutual funds of high grade corporate bonds or government bonds (GNMA, etc.) that pay 4% – 5% interest with a fluctuation rate of plus or minus 5%.

      A variety of issuers, including USAA, all the mutual funds to be linked to checking or savings accounts for deposits or withdrawals. All transactions can easily be made via the Internet on a PC, tablet, or smart phone.

      It does not require getting up from the couch, but it does require being an informed investor that realizes that the bank’s best and only friend is the bank.

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

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Bulletin
Investor Alert

New York Markets Open in:

Futures: /quotes/zigman/43106711/delayed S&P 500 +0.8% /quotes/zigman/48241424/delayed DOW +0.6% /quotes/zigman/43108768/delayed NASDAQ +0.8%

need to know
Europe rally after selloff; weekly drop in view
Rolls-Royce cuts dividend 39% as profit falls
German GDP grows 0.3% as exports decline
Japan officials' comments fail to weaken yen
Japan will 'act appropriately' over yen: fin. min .
Clinton, Sanders clash over costs at debate
Commerzbank returns to profit; revenue rises
Uber to pay riders millions to settle safety suits

CEO Jamie Dimon’s $26 million bet on J.P. Morgan
Jamie Dimon joins the ex-billionaires club

U.S., Russia agree to Syrian cease-fire

5 things to know about the Costco and AmEx breakup

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

Japan stocks tumble to lowest point in a year
Japan warns investors about surging yen
North Korea reportedly executed top general

Sweden’s negative  rate isn’t as scary as it appears

Boeing has long history of probes on accounting
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?
Yellen in Senate: Stock swoon not Fed's  fault

Pandora’s spending plans dismay investors

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Jeb Bush says Trump would be worse than Obama
Obama’s U.S. is a land of economic discontent

 
Trust the BLS more than the Dow: top economist

The 10 toughest investment decisions

Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

/conga/frontpage.html 367782

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,046 -2 0.09%
Gold
/quotes/zigman/33772884/delayed 1,238 -10 0.76%
Oil
/quotes/zigman/2260836/delayed 27.45 +1.24 4.73%
FTSE 100
/quotes/zigman/3173262/delayed 5,625 +88 1.58%
DAX
/quotes/zigman/2380246/delayed 8,864 +111 1.27%
CAC 40
/quotes/zigman/3173214/delayed 3,955 +58 1.50%
FTSE MIB
/quotes/zigman/1482176/delayed 16,146 +373 2.36%
IBEX 35
/quotes/zigman/2759620/delayed 7,844 +98 1.27%
Stoxx 600
/quotes/zigman/2380150/delayed 309 +5 1.79%
Asia Dow
/quotes/zigman/6959860/realtime 2,392 -45 1.83%
Nikkei 225
/quotes/zigman/5986735/delayed 14,953 -761 4.84%
Hang Seng
/quotes/zigman/2622475/delayed 18,320 -226 1.22%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 23,060 +108 0.47%
Singapore
/quotes/zigman/1709939/delayed 2,540 +2 0.07%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.40%
Yen
/quotes/zigman/16008150/realtime/sampled 112.55 +0.12 0.11%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.21%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.17%
DXY Index
/quotes/zigman/1652083/delayed 95.84 +0.24 0.25%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.88 +0.11 0.13%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.69 +0.03 1.60%
German 10y
/quotes/zigman/15866409/realtime 0.22 +0.02 13.08%
Italy 10yr
/quotes/zigman/15866497/realtime 1.68 -0.03 1.90%
Spain 10yr
/quotes/zigman/15866444/realtime 1.79 +0.01 0.78%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.36 +0.06 4.41%
Japan 10yr
/quotes/zigman/15866525/realtime 0.08 +0.06 442.45%
Crude Oil
/quotes/zigman/2260836/delayed 27 +1 4.73%
Gold
/quotes/zigman/33772884/delayed 1,238 -10 0.76%
Corn
/quotes/zigman/25518691/delayed 361 +0 0.07%
DJIA F
/quotes/zigman/48241424/delayed 15,712 +100 0.64%
S&P F
/quotes/zigman/43106711/delayed 1,839 +15 0.79%
Silver
/quotes/zigman/32655632/delayed 16 0 0.72%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.6%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/59392505/composite NUGT+21.34%
  • /quotes/zigman/41663/composite GLD+4.02%
  • /quotes/zigman/21587200/composite FEYE-0.48%
  • /quotes/zigman/627449/realtime DJIA-1.60%
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X
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Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
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  • Games, such as Virtual Stock Exchange and Beat the Darts
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