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By Guest Editorial Nahum Daniels
author, Retire Reset 

Why lower interest rates don't help retirees

 

October 16, 2019



Interest rates keep dropping, causing rising concern among some retirees, financial experts say.

That’s because while cutting lower interest rates can stimulate the economy by making it cheaper to borrow, consumers usually earn less interest on their savings. Falling interest rates are part of what economists call “financial repression,” which can pose challenges to retirees and to those who are nearing retirement, says Nahum Daniels (www.integratedretirementadvisors.com), author of Retire Reset!: What You Need to Know and Your Financial Advisor May Not Be Telling You.

“Our banking system does not shoulder a specific mandate to provide financial security to America’s retiree...



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