Mike Kaminski

Mike Kaminski

Mike Kaminski has been helping people realize their retirement goals and assisting with income planning for 31 years. He is the co-founder of Well Being Financial Group. 


His list of accomplishments:


- Specializes in income planning that offers structured payouts.

- Host of “Safe Money and Income Show” for many years. His focus is on asset protection, safety and income.

- Host of many educational workshops over the years which are dedicated to providing information, education, and advice for pre-retirees and retirees across Northeastern United States.

Well Being Financial Group

3477 Corporate Pkwy.

Suite 100

Center Valley, Pennsylvania 18034

mike.kaminski@retirevillage.com (484) 671-2461
Back To Articles

Why Interest Rates Are Low And Will Stay That Way

By Syndicated Columnists|


Well, at least for a while.

The simple answer is this, the lower the interest rate, the lower the payment obligations. Based on that concept…..


America has successfully refinanced its national debt from higher interest rates to lower interest rates.  88.5% of all national debt is now 10 years or shorter. This is good for us as a nation; less interest that needs to be paid means less federal budget restraints.


The yield on the 10 -year Treasury note closed at 1.36% on Friday (7/08/21), the lowest closing yield since 1790. What is bad for our nation is the continuing deficit, which seems to be out of control. Whether it is democrats or republicans in charge, it just grows. Now, heading towards us like a freight train is the Baby Boomer Generation; we all need our social security and Medicare.


How will that obligation be funded?


The government must keep the interest low to keep the deficit low; interest payments on the national debt last year were $348 billion (https://www.treasurydirect.gov/govt/reports/ir/ir_expense.htm), which was down from previous years. It was NOT that the deficit reduced; it was the fact that the interest rate was far less. In fact, 2021 was the lowest interest amount paid since 2006.


What does that mean for us as annuity salespeople? It is fairly simple; as long as an administration insists on keeping a stranglehold on the economy, interest rates will be low. Once the Federal Reserve begins increasing interest rates, the government will be forced to offer more debt auctions.


Then we will see two things happen:


  1. Annuity rates will strengthen and
  2. The country’s national debt interest payment will increase.



Good or bad?


Best Annuity Rates Report Cover

Annuity Questions?

Download the 2021 Annuity and Investment Report Now and learn more about annuity options that can help you achieve your retirement goals.

Safe Money Guide Report Cover

Safe Money Guide

Download our Safe Money Guide and learn more about safe retirement options that can help you achieve your retirement goals safely - FREE!

Life Insurance Guide Report Cover

Life Insurance Guide

Learn more about the various life insurance options available to you that can help you achieve your goals.

Sign up for our newsletter.

Safe Money insights and tips sent to your inbox bi-monthly.

Sign Up Now!