How are low interest rates effecting retirees? This is the question Chris Kissell, reporter for Fox Business, recently asked me.
Should retirees be putting their low (or no) interest yielding cash into stocks or bonds in order to generate some return? Absolutely not.
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Even getting a sad-sack 1% return is better than exposing all your savings to higher levels of risk, says Alan Moore, founder of Serenity Financial Consulting in Milwaukee.
“I look at cash as market insurance,” he says. “When the stock market takes a dive, (retirees) don’t want to be in the position of having to sell stocks