Skip to main content
No. of Recommendations: 3
On METAR some one posted a quote from Paul Krugman on the effect zero percent interest rates have on retirees.

In a different interview, the interviewer asked Krugman if he cared that retirees and those on fixed incomes were harmed by bank interest rates at virtually zero. Krugman shrugged and said with a smirk, "No, I don't care about them at all." I was really angry about that.

</snip>


It's been a long time since anyone tried to retire on a 100% fixed income portfolio.

About 20 years ago at the height of the dot-com market, there was a poster named "hocus" who tried it. He went nuts.

https://www.retireearlyhomepage.com/rob_failure.html

Hocus's website appears to be still active, unless it's controlled by a bot.

https://arichlife.passionsaving.com/2021/05/06/rob-please-pr...

intercst
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.