A senior retired couple can still end up on the short end of the stick.
Uncle Sam cuts the couple, who have a combined income of less than $75,000, a check for $1,200. That’s good.
Let’s say they aren’t investors but have $100,000 in CDs to supplement their retirement and Social Security checks. If they renew their CDs from a rate of 5 percent a year ago to the present rate of 2.25 percent, they take a hit of $2,750. That’s a net loss of $1,550. That’s bad.
Some people just can’t win, and that’s not stimulating.
Joe F. Dragosh