By Matthew Kerkhoff
Low interest rates have been the bane of savers, retirees, pensioners and many others for a number of years now. With interest rates on the verge of rising, these folks are starting to breathe a sigh of relief.
But rising interest rates are a double edged sword, and are unlikely to provide as much benefit as many people expect. To understand why, we need to look at why interest rates are rising, and also understand their potentially negative side effects.