How The Safest Investments For Retirees Went Wrong

Retirees who put their money into low-risk investments like Treasuries and certificates of deposit (C.D.’s) thought they were doing everything right. But the Federal Reserve’s decision to keep core interest rates near zero since December 2008 in an effort to spur borrowing and overall economic growth has hurt the nation's retirees who often depend on such safe investments for current and future income.

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