Will Rising Interest Rates Help Or Hurt Your Retirement?

The Federal Reserve’s first interest rate hike in three years is bad news for borrowers. But it’s good news for retirees who rely on income from their savings and bond holdings to pay the bills. “Retirees should be cheering (higher rates),” said Warren Pierson, co-CIO of Baird Advisors and fixed-income portfolio manager for Baird Funds. Older Americans living on fixed…