Belt Tightening for Senior Citizens
Re: “Low Yields Hurting Retired Investors,” [Sept. 30]. There are three things that are guaranteed to happen. 1. Death. 2. Taxes. 3. Articles that will appear in the L.A. Times.
When interest rates are sky high, we will see at least one article quoting real estate people/car dealers, etc., who say they can no longer make a living. When interest rates are rock bottom, we will see at least one article quoting a senior citizen saying that they can’t make it anymore on the interest from their CDs, etc.
Give me a break.
Bill Simpson
Palos Verdes Estates
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