8% Tax Free Govt Bonds, a History Lesson
My Mom until 2003 got 8% tax-free interest for her retirement cash that had to be kept safe. When they matured, there was nothing close to replace them. And then it got worse, in 2008 Prime was dropped close to ZERO. What was an old lady to do? Oh wait, am I living in the past? No I simply have a memory, unlike 90% of people. For the last 15 years prime has stayed close to zero. At Zero, seniors have no good options. And seniors are still paying the price today.
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