What if you don't need to borrow money anymore?

What an unusual time we live in. It used to be that savers were rewarded for their thrift and borrowers were penalized for their spending.

This unusual time has it all backward.

Need money for a home mortgage? Time for a car loan? Use your home equity for some remodeling? Well, now is a great time to be signing loan paperwork. Interest rates are at near historically low levels. Bully for the borrowers.

But what if you don't need to borrow money anymore?

Have $20,000 in the bank for emergencies? Want some of your retirement money in a safe account? Like using government bonds in your IRA? Well, now is a terrible time to be a saver. Interest rates are near historical lows.

Don't expect interest rates to head higher anytime soon.

The biggest borrower of them all, the US government, has an incentive to keep rates as low as possible for as long as possible.

Savers need to explore options. See what's available. Take some time. And take some action.