Today’s retirees had planned for the future but many did not expect the low interest rates of current cash deposits.
The global financial crisis of 2008 spurred many retirees to move their
investments to cash and lock in rates. Now, three years later, many
retirees face term deposits with significantly lower cash rates that are
projected to fall even further in the coming year.
The last thing a retiree should do is to chase the next ‘hot’ asset in
hopes of rebuilding income. An experienced financial advisor can help
retirees invest for income through a diversified and balanced portfolio.
Read more here: http://retirementplanningperth.net.au/retirees-under-pressure-with-lowering-interest-rates/
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