Fed's Low Interest Rates Crack Retirees' Nest Eggs

A nest egg based on the assumption of stable growth and currency never does well during a debt crisis stabilized by currency devaluation. The unfortunate and cold market reality is either adapt or be left for dead.

Forrest Yeager, a 91-year-old resident of this seaside community, had been counting on his retirement savings to last until he died. The odds are moving against him.

With short-term bank CDs paying less than 1%, the World War II veteran expects his remaining $45,000 stash to yield just a few hundred dollars this year. So, he's digging deeper into his principal to supplement his $1,500 monthly income from Social Security and a small pension.

Source: online.wsj.com