(Zimmytws | Dreamstime.com) Retirees have always worried about running out of money and becoming dependent on others. Today, most are more anxious about it because interest rates are so low.
The days when you could get a decent stream of income from Treasury bonds and certificates of deposit are gone. That doesn’t mean that Treasuries and bank CDs aren’t options. But you can no longer rely on them exclusively.
Furthermore, many companies have done away with traditional pension plans that used to protect retirees. Social Security is invaluable, but it makes up only 40 percent of the average wage earner’s pre-retirement […]
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