The Fed's announcement that they will not raise interest rates "until at least 2014" is good news for anyone with a variable rate loan, like perhaps an equity loan.Just a little thing to consider.Vermonter
Not good news for retirees who bought into the concept of 60% fixed income investments such as bonds and CDs as the safe way to go. They've seen their interest income halved or worse. For some that's a huge chunk of their retirement income gone and not coming back at time soon.
billjam writes,Not good news for retirees who bought into the concept of 60% fixed income investments such as bonds and CDs as the safe way to go.It could be worse. You could have bought into the Larry Portfolio with 70% 1-Year Treasuries.http://www.nytimes.com/2011/12/24/your-money/stocks-and-bond... intercst
If anyone is all in ANYTHING they can suffer over time. I've always tried to maintain my IRA in a variety of things. Good old AT&T, for example, pays a pretty consistent 6% or so dividend, and there are others out there, too.However, I also try to stay nimble and buy or sell within my IRA, as the situation seems to warrant.People need to study, learn and handle their money.Vermonter
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