401kRollover.com Replies to Dunstan Prial's Fox Business Article on Higher Interest Rates

Irving, April 30, 2015 (Newswire.com) - Following Fox Business’ publication of a Dunstan Prial article about how higher interest rates could be beneficial for savers, online retirement account provider database 401kRollover.com has issued a reply. 401kRollover.com spokesman Don Reynolds notes that the last time the United States went through a rising interest rate cycle, owners of stocks, bonds and cash accounts suffered.

“Mr. Prial wrote that ‘the good news for savers is that interest rates will probably be moving higher by the end of the year,’ but what he doesn’t mention is the fact that near-zero interest rates since 2008 mean cash investors are likely to suffer from lost spending power due to
inflation,” Reynolds said. “He’s right about the Swiss Re study, which noted that U.S. savers have lost about $470 billion in interest rate income in the past seven years, but rising interest rates aren’t going to make all the free money printed by the Federal Reserve since 2008 just disappear.”

“Mr. Prial acknowledges that interest rates could double or triple by the end of 2015, yet he doesn’t warn investors that rising interest rates between 1960 and 1980 were detrimental to savers in many ways,” Reynolds continued. “This is why 401kRollover.com recently published a special report on how to properly position your portfolio in preparation of rising interest rates. There are ways to profit from rising interest rates, but historically holding large amounts of cash is not the answer.”

401kRollover.com (www.401kRollover.com) is North America’s preferred source for information on 401k rollovers, and largest database of 401k and IRA rollover providers. The traumatic and ongoing economic problems within our nation have prompted many investors to show renewed interest in their inactive employer-sponsored retirement accounts, which can be converted into self-directed IRA plans for more flexibility and fewer fees. Search for a custodian by state or zip code, or just pick up the phone and call us toll-free at (800) 767-1423 now for free, live help from a friendly and qualified retirement account adviser.