A post from Business Insider prompted this week’s Mullooly Asset Management video. You can check out the post here: http://www.businessinsider.com/wall-street-is-worried-about-savers-2014-9
The article talks discusses how interest rates are too low for seniors and retirees to live off of. That’s absolutely true. However, the article makes it seem like this is a new development.
Interest rates have been too low to live off for almost 20 years now. The last time interest rates of CD’s were at 6% was in the 90’s!
The Fed won’t be doing anything to drastically increase income levels for investors any time soon. So what’s everybody supposed to do?
Investors need to find other ways to get income from their investments and/or manage their cash flow more effectively. These are both things we help our clients with every day at Mullooly Asset!
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