Interest rates

Most retired people are conservative in their savings and investment knowing that if they lose their money they are not likely to be in a position to earn it back and that will help retirees to stay even. At the start though the inflation rate will exceed the interest rate and this could hurt. At 8% inflation a $100,000 CD will be worth only $70,000 in five years. Most CD's today are paying less than 1%. It will take a few years for interest on CD's to catch up with inflation.