More than Zero: 401(k)s Will Feel Fed's Rate Hike
For workers looking to take money out of their 401(k) account, a rise in interest rates means they will be paying more for the loan.
The economy is getting better, and so after seven years of near zero percent interest rates, the U.S. Federal Reserve raised its benchmark rate by 0.25 percent in December 2015. While it was a small move, the Fed promised more to come, and that can make a difference with 401(k) retirement plan account balances over time. Click here to read more.