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    Home»Retirement planning»Retirement planner says ‘cash is king’ as stocks and bonds sink
    Retirement planning

    Retirement planner says ‘cash is king’ as stocks and bonds sink

    December 15, 20221 Min Read
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    Money market participants expect at least two 25 basis point rate hikes next year and borrowing costs to peak at around 4.9% by mid-year, before falling back to around 4.4% by the end of the year.

    Moraif recommended bolstering the cash reserves of those considering retirement, saying it pays to sit in a money market fund as the Fed continues to raise interest rates.

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