RETIREMENT CORNER
Pensioners take heed, from an article posted at Financial Advisor Magazine….
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It’s going to be hard to reverse the damaging effects of ultralow bond yields on the global economy.
A glaring example of the longer-lasting ramifications can be found by looking at big American corporate pensions, which were formed to provide retirees with a reliable income....
Yesterday’s not-so-unexpected news of the Federal Reserve raising its benchmark interest rate to 0.25% ended the Zero Interest Rate Policy (ZIRP) it instituted nearly a decade ago. No can kicking this time, so what does that mean for your own finances? Probably not much in the near term. One small interest rate hike is unlikely to have much of an immediate impact on your budget, but that doesn’t mean you should ignore the increase....
