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Europe markets rise | FTSE 100 heads for gain
L.L. Bean longtime CEO Leon Gorman dies
Treasury's Lew irked by China's FX move

Why maternity leave is shrinking
Blame Marissa Mayer for maternity-leave shrink

Chaos at Budapest train station as migrants rush trains
Syrian refugees reach Norway — via the Arctic

Dovish Draghi signals ECB willing to do more QE

Video: Watch China’s 90-minute military parade in 60 seconds
Watch China’s    90-minute parade in 60 seconds
Xi talks peace, but China parade flexes power
China markets close for war anniversary

Tom Brady's 'Deflategate' suspension overturned by judge, AP reports
Tom Brady’s ‘Deflategate’ suspension overturned
The real Deflategate verdict? NFL’s in trouble

Donald Trump tells Kareem Abdul-Jabbar: ‘You don’t have a clue about life’
Trump’s new feud is with Kareem Abdul-Jabbar

The flat tax and two other policies that separate Ben Carson and Donald Trump
3 policies that divide Ben Carson, Donald Trump

Caroline Baum: No one knows what Trump would do as president, but it’d be great!
What Trump would do as president: It’d be great

Trump, Clinton play liar’s poker: Delamaide

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

As investment risk has changed, so should investors’ portfolios
Investment risk has changed, so this must change too

The search for 1,000 angels to help women create startups
The search for 1,000 angels to help women startups

43% of U.S. homes are at high risk of natural disaster
43% of U.S. homes are at high risk of natural disaster

Why the British Hugo Chavez will be good for the economy
Why the U.K. Hugo Chavez will be good for its economy

Bill Gross calls a Fed rate hike ‘too little, too late’
FDIC chief: Rates may catch banks off-guard
Junk-bond stress level climbs to 5-year high

Why India is worth a look if you’re cooling on China

History’s lessons in surviving market crashes

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Apple set to join content contest
What to expect from the Apple event on Sept. 9

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44.17MDow Volume:
Avg Vol: 113.01M
Unchanged
189
Decliners
2102
Advancers
4140
Price Chg %Chg 1 Day
Range: 1 Day
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  • 1 Month
  • 3 Months
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  • 1 Year
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Dow
/quotes/zigman/627449/realtime 16,444 +92 0.56%
Nasdaq
/quotes/zigman/12633936/realtime 4,762 +12 0.25%
S&P 500
/quotes/zigman/3870025/realtime 1,960 +11 0.59%
GlobalDow
/quotes/zigman/629063/realtime 2,331 +18 0.76%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Oil
/quotes/zigman/2331095/delayed 47.22 +0.97 2.10%
FTSE 100
/quotes/zigman/3173262/delayed 6,194 +111 1.82%
DAX
/quotes/zigman/2380246/delayed 10,318 +270 2.68%
CAC 40
/quotes/zigman/3173214/delayed 4,654 +99 2.17%
FTSE MIB
/quotes/zigman/1482176/delayed 22,177 +565 2.62%
IBEX 35
/quotes/zigman/2759620/delayed 10,042 +104 1.05%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +8 2.37%
Asia Dow
/quotes/zigman/6959860/realtime 2,714 +11 0.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 -0.01 0.98%
Yen
/quotes/zigman/16008150/realtime/sampled 120.01 -0.32 0.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.32%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 96.40 +0.42 0.44%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.81 +0.25 0.28%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.02 0.85%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.06 7.14%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.07 3.70%
Spain 10yr
/quotes/zigman/15866444/realtime 2.11 -0.04 1.85%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.02 0.97%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 47 +1 2.10%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Corn
/quotes/zigman/7599553/delayed 362 -6 1.50%
DJIA F
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S&P F
/quotes/zigman/30356461/delayed 1,956 +9 0.47%
Silver
/quotes/zigman/3134148/delayed 15 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.96 -0.93 -1.03%
AAPL /quotes/zigman/68270/composite 111.29 -1.05 -0.94%
GOOG /quotes/zigman/30194416/composite 612.12 -2.22 -0.36%
BAC /quotes/zigman/190927/composite 16.00 0.15 0.95%
C /quotes/zigman/5065548/composite 52.12 0.37 0.71%
F /quotes/zigman/264304/composite 13.91 0.04 0.25%
T /quotes/zigman/398198/composite 33.09 0.27 0.83%
BP /quotes/zigman/247026/composite 32.50 0.30 0.93%
GE /quotes/zigman/227468/composite 24.64 0.07 0.28%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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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.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
When do markets close for Labor Day?
Netflix stock heads toward fifth straight loss
ISM services index slows, but tops forecast
Jobless claims rise to two-month high
U.S. trade deficit shrinks 7.4% to $41.9 billion
Europe markets rise | FTSE 100 heads for gain
L.L. Bean longtime CEO Leon Gorman dies
Treasury's Lew irked by China's FX move

Why maternity leave is shrinking
Blame Marissa Mayer for maternity-leave shrink

Chaos at Budapest train station as migrants rush trains
Syrian refugees reach Norway — via the Arctic

Dovish Draghi signals ECB willing to do more QE

Video: Watch China’s 90-minute military parade in 60 seconds
Watch China’s    90-minute parade in 60 seconds
Xi talks peace, but China parade flexes power
China markets close for war anniversary

Tom Brady's 'Deflategate' suspension overturned by judge, AP reports
Tom Brady’s ‘Deflategate’ suspension overturned
The real Deflategate verdict? NFL’s in trouble

Donald Trump tells Kareem Abdul-Jabbar: ‘You don’t have a clue about life’
Trump’s new feud is with Kareem Abdul-Jabbar

The flat tax and two other policies that separate Ben Carson and Donald Trump
3 policies that divide Ben Carson, Donald Trump

Caroline Baum: No one knows what Trump would do as president, but it’d be great!
What Trump would do as president: It’d be great

Trump, Clinton play liar’s poker: Delamaide

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

As investment risk has changed, so should investors’ portfolios
Investment risk has changed, so this must change too

The search for 1,000 angels to help women create startups
The search for 1,000 angels to help women startups

43% of U.S. homes are at high risk of natural disaster
43% of U.S. homes are at high risk of natural disaster

Why the British Hugo Chavez will be good for the economy
Why the U.K. Hugo Chavez will be good for its economy

Bill Gross calls a Fed rate hike ‘too little, too late’
FDIC chief: Rates may catch banks off-guard
Junk-bond stress level climbs to 5-year high

Why India is worth a look if you’re cooling on China

History’s lessons in surviving market crashes

Apple’s biggest challenge: Topping the iPhone 6
Apple set to join content contest
What to expect from the Apple event on Sept. 9

/conga/frontpage.html 354072

Markets »

44.18MDow Volume:
Avg Vol: 113.01M
Unchanged
189
Decliners
2100
Advancers
4141
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 16,442 +90 0.55%
Nasdaq
/quotes/zigman/12633936/realtime 4,762 +12 0.25%
S&P 500
/quotes/zigman/3870025/realtime 1,960 +11 0.58%
GlobalDow
/quotes/zigman/629063/realtime 2,331 +18 0.76%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Oil
/quotes/zigman/2331095/delayed 47.20 +0.95 2.05%
FTSE 100
/quotes/zigman/3173262/delayed 6,194 +111 1.82%
DAX
/quotes/zigman/2380246/delayed 10,318 +270 2.68%
CAC 40
/quotes/zigman/3173214/delayed 4,654 +99 2.17%
FTSE MIB
/quotes/zigman/1482176/delayed 22,177 +565 2.62%
IBEX 35
/quotes/zigman/2759620/delayed 10,042 +104 1.05%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +8 2.37%
Asia Dow
/quotes/zigman/6959860/realtime 2,714 +11 0.40%
Nikkei 225
/quotes/zigman/5986735/delayed 18,182 +87 0.48%
Hang Seng
/quotes/zigman/2622475/delayed 20,935 -250 1.18%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,765 +311 1.22%
Singapore
/quotes/zigman/1709939/delayed 2,906 +28 0.98%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 -0.01 0.98%
Yen
/quotes/zigman/16008150/realtime/sampled 120.01 -0.32 0.26%
Pound
/quotes/zigman/16008140/realtime/sampled 1.53 0.00 0.32%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 96.39 +0.41 0.43%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.81 +0.25 0.28%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.17 -0.02 0.85%
German 10y
/quotes/zigman/15866409/realtime 0.73 -0.06 7.14%
Italy 10yr
/quotes/zigman/15866497/realtime 1.92 -0.07 3.70%
Spain 10yr
/quotes/zigman/15866444/realtime 2.11 -0.04 1.85%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.80 -0.02 0.97%
Japan 10yr
/quotes/zigman/15866525/realtime 0.40 +0.00 0.13%
Crude Oil
/quotes/zigman/2331095/delayed 47 +1 2.05%
Gold
/quotes/zigman/662444/delayed 1,124 -10 0.87%
Corn
/quotes/zigman/7599553/delayed 362 -6 1.50%
DJIA F
/quotes/zigman/38649152/delayed 16,417 +87 0.53%
S&P F
/quotes/zigman/30356461/delayed 1,956 +9 0.46%
Silver
/quotes/zigman/3134148/delayed 15 0 0.15%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.96 -0.93 -1.03%
AAPL /quotes/zigman/68270/composite 111.26 -1.08 -0.97%
GOOG /quotes/zigman/30194416/composite 612.12 -2.22 -0.36%
BAC /quotes/zigman/190927/composite 16.00 0.15 0.95%
C /quotes/zigman/5065548/composite 52.12 0.37 0.71%
F /quotes/zigman/264304/composite 13.91 0.04 0.29%
T /quotes/zigman/398198/composite 33.09 0.27 0.83%
BP /quotes/zigman/247026/composite 32.50 0.30 0.93%
GE /quotes/zigman/227468/composite 24.64 0.07 0.28%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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