The Fed can cut rates, or allow rates to rise to market levels.
In a 10% inflation rate environment and a marginal retiree tax rate of say 27%, the interest rate the retiree needs to get to maintain buying power is about 14%.
> In a 10% inflation rate environment and a marginal retiree tax rate of say 27%, the interest rate the retiree needs to get to maintain buying power is about 14%.
Yep. I’m now back in the workforce. A six figure income today feels like a starting salary; thank god I’m not on a mortgage treadmill at least. I laugh at my portfolio.
Those in government are too arrogant to see what’s at the end of line if they continue to advocate for more spending, more taxation, and less accountability, less dissent. They are focused on acquiring unassailable power and believe persuasive rhetoric is more relevant than honest service...