"We've all expected rising interest rates for a while, but now we're at the point where they could happen at any time," Simmons said.
Brandon Simmons, founder of Integrity Capital Wealth Management in Rogers has been watching this since it began 2 years ago and specifically its effects on bonds, which many people use as a retirement plan.
"With rising interest rates, then we would begin to see the value actually decrease, so if you had 100 thousand dollar bond portfolio and these interest rates rise, all of a sudden it could be worth 90,000 or 80,000 dollars," he said.
With the instability of the government, a rise in interest rates could also cause inflation; the second punch in this financial fight.
"We're facing a specific environment right now where those risks are actually greater than they are for some other asset classes, stocks, or possibly even real estate," he said.
Simmons said to keep your savings safe, diversification is key.
"You don't want to own just one stock, or you don't want to own just one mutual fund, and you certainly don't want to own only bonds, or just bonds in your retirement account either. You want to diversify across asset classes and have some risk in different areas and that reduces your overall risk."
Though investments come with uncertainty, Simmons said preparation is paramount.
"We can't pick when it's going to turn, we can't pick how high it's going to go or how low it's going to go, so we have to be prudent, diversify, don't put all your eggs in one basket."