She Moves Her Savings Into Treasuries to Earn More Interest. The Investment Pulls Another $10,074 of Her Social Security Into Taxable Income
· aol.com · popularity 15/100 · 0 similar stories today · Retirement & Estate Planning (Money, Markets & Investing)
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Summary
A 10-year Treasury yield of 5.0% looks like a gift to a retiree with $250,000 sitting in a bank account. The national average 12-month CD pays just 1.8%, so moving the money feels like an easy call. For a Social Security recipient, though, interest does double duty. It gets taxed on its own, and it …
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