The worst tragedy for retirees.........

is the artificially driven low yields on bonds.   The yields are not even close to the rate of inflation of the goods and services they consume.

One would think the seniors in America would be heard on this matter but then again, most of them probably still believe Congress is looking out for their best interests.

It is a real hoot to bump into all of the fixed income investments, structured products and to hear the stories told to older Americans by slick stockbroker-salesmen.  I can laugh because we hear the stories and see the carnage all too often.   I just wish it weren't so.   Good people getting creamed.  Year after year.  It just never ends with investors who rely on salesmen with their serious money.