Retirees getting hammered
We who are retired and living on fixed incomes are becoming increasing financially oppressed by the Federal Reserve’s refusal to begin normalization of interest rates. With the Obama administration’s economic policies and Congress in a continual deadlock, the free market is being slowly strangled.
Household income has declined 6.5 percent, and who knows how much retiree income has declined? My 403(b) plan is dropping by thousands each month.
I can only hope that the upcoming national election will have candidates who have real solutions. I am tired of hearing these politicians repeat over and over the meaningless phrase: “We need to. …”
Solutions, ladies and gentlemen, not more political blather. Just get it done.
Carl Smith
Spokane