When the baby boomers begin pulling large amounts of cash out of retirement accounts, interest rates may start to climb.
Analysts at the Retirement Security Institute, Dallas, Texas, include that prediction in their latest retirement planning review.
At one point, the recession cut total retirement assets by $14 trillion, or 27% from the 2007 peak, the analysts write.
Now, personal savings is back on the rise, and the retiree population is continue to grow, the analysts write.
About 82 million U.S. households, or 70% of all U.S. households, have some kind of retirement, with 61% participating in an employer-sponsored plan and 41% owning individual retirement accounts.
When the boomers start to retire in large numbers, "dissaving" will occur, and, unless working-age U.S. residents increase their savings rate, rates are likely to rise, the RSI analysts write.
Because of dissaving pressure, the current low interest rates will soon go away, the analysts predict.
