SOCIAL SECURITY IS THE BIGGEST EMPLOYER OF THE ELDERLY
Posted by on Oct 31, 2011 in Interest Rates, Social Security
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A new August 2011 report from the Social Security Administration says that the biggest source of income for people who are 65 and older is Social Security. Duh! Seriously, with interest rates just about as low as they can go, where else would people that age be getting income? Folks who are over 65 are [...]
Tags: Interest Rates, social security
CAN YOU RETIRE WHEN INTEREST RATES ARE THIS LOW?
Posted by on Jan 27, 2011 in Interest Rates
People are still asking when will interest rates go up an the answer is the same in 2011 as it was in 2010: NOT SOON! You can see the chart below showing interest rates for certificate of deposits being at their lowest point in the last 10 years. Basically you get nothing for loaning your [...]
Tags: Interest Rates, money market interest, Money Market Rates, social security
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