Study: Sustained low interest rates could lead to a sparse retirement

05/11/2013 | Financial Planning

A study to be released by the Employee Benefit Research Institute projects that retirees who rely solely on retirement income and wealth could run out of money if current low interest rates hold, as compared with yields under historical interest rates. The hypothetical scenario looked at baby boomers and Generation Xers without additional sources of income such as Social Security benefits. Stacy Schaus, an executive vice president at PIMCO, says the modern investing climate requires advisers and plan administrators to be more proactive in managing retirement funds for their clients and employers.

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