by Mike Sorrentino
The concept of a negative interest rate is one that would be considered unthinkable just a few years ago. Yet today, around a third of global government debt offers a negative yield. The consequences are widespread. Financial textbooks are being rewritten, companies are asking vendors to postpone payment, and banks are even rewriting software code.
Stories like these are now making retirees ask what all of this will mean for their financial future. Here are answers to five common questions about the impact of negative interest rates on retirees.