A warning to seniors if the Fed lowers interest rates
Thomas Barwick | Taxi | Getty Images
The prospect of lower interest rates may put retirees in a bind: Contend with less growth on their “safe money” or consider taking more equity risk.
The Federal Reserve is expected to lower the federal funds rate — the key interest rate banks charge to lend to each other money — at the end of July. Currently, the rate is 2.25%-2.5%.
Borrowers and savers have…