Reported 16 days ago
A recent 0.5% cut to federal interest rates by the Federal Reserve will affect consumer lending and various markets. Bob Powell, CFP and editor of Retirement Daily, suggests that retirees might evaluate their investment strategies in light of these changes, focusing on money market funds and Certificates of Deposit (CDs) to potentially yield returns above current inflation. This approach may provide security and protect against inflation while allowing retirees to capitalize on higher interest rates.
Source: YAHOO