Here’s What The Interest Rate Cut Means For Retirees

If you’re retired or soon-to-be retired, how could the recent cut in interest rates by the Federal Reserve affect your finances? Unfortunately, there’s not a simple answer, because it depends on your financial circumstances, investments, and sources of retirement income. And if you’re like many retirees, there could be both positive and negative effects on your finances.

Let’s see how your finances might be affected by the recent interest rate cut.