In the past, seniors relied on decent interest rates. However, thanks to the FED seniors have been thrown under the bus in favor of big hedge fund/investment brokers who are reaping what the FED has sown on this sugar high.
The FED's position today is as central planner for our economy and it has held that control too tightly for too long .
i am using this period to move some cash legally via charitable gifts with the idea that if I can't earn interest on it a last I can minimize the loss by transferring it with no tax penalty to meet the present and future needs of my family
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