zirp-and-nirp-killing-retirement-savings

 

Lot’s of retirees who thought they’d built up a comfortable nest egg are beginning to hurt as the effects of ZIRP and now NIRP bite into savings and eventually, pensions. It’s only going to get worse, as these policies are anything but accidental, rather part of the Federal Reserve’s policy to keep America’s growing interest payments on the National Debt affordable. It’s just tough luck if Boomer retirements and pensions get toasted in the process.

The zero interest rate and now negative interest rate policies of our central banks are gumming up the global retirement machinery. The Federal Reserve and other central banks have spent so many years subsidizing debt and punishing savings that it is now extremely difficult to guarantee future income streams at a reasonable present cost. And future income streams are the very heart and soul of retirement. Without adequate future income streams, retirement as we know it today is off the table.Read more…

 

 Related Articles:
Next on the Menu – NIRP & You
Get Ready for a Haircut
Ask RB – Investing in Rough Waters, Next Steps
 

 

We’d love to hear your questions or comments below. Thank you.

 

* * * * *

Fair Use Notice: This website post may contain copyrighted material. Such material is made available for news reporting, educational and other limited purposes only. This constitutes a ‘fair use’ of any such copyrighted material as provided for in title 17 U.S.C. Section 107 of the US Copyright Law.

RestlessBoomers.com (‘RB’) has no control over and does not endorse any external Internet site that contains links to or references RB.