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<p>[QUOTE="Gilbert, post: 2216605, member: 73104"]Many elderly do not trust the stock market, myself included. I got burned in the meltdown of 2008-09. And yes, this latest Fed-inspired asset bubble has benefitted many, including those with 401's and IRA's tied to the market. But as we age we get more careful with our money because the option of working to start over is not viable. IMO the FED lowered interest rates to help out their owners PERIOD. They do not care about those elderly who saved via banks and credit unions so they could have a respectable retirement.[/QUOTE]</p><p><br /></p>
[QUOTE="Gilbert, post: 2216605, member: 73104"]Many elderly do not trust the stock market, myself included. I got burned in the meltdown of 2008-09. And yes, this latest Fed-inspired asset bubble has benefitted many, including those with 401's and IRA's tied to the market. But as we age we get more careful with our money because the option of working to start over is not viable. IMO the FED lowered interest rates to help out their owners PERIOD. They do not care about those elderly who saved via banks and credit unions so they could have a respectable retirement.[/QUOTE]
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