Fed's low rates hurt retirees and pensions, warns exam
The Fed plans to keep rates near zero for two years, helping mortgage refinancers but harming retirees reliant on interest income. Pension funds faced a $254 billion shortfall by July 31, rising from $186 billion, with low rates blamed. Mortgage rates fell to record lows while homebuying stalls persist amid weak markets. Some retirees shift to stock dividends for yield as inflation outpaces gains. The Fed pledge highlights risks of an all-conservative income strategy.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Milliman Inc
Fed
Federal
U.S. Treasurys
Treasury
Greenwich
Conn
Tuck Bradford
Mortgage Bankers Association
Cincinnati
Jeff
Jo Ann Hawkins
Danielle DeGrazia
Bethel
Carol Clemens
Edmond
Okla
Greg McBride
Bankrate.com
Valero robbery believed staged by employee
Police seek two suspects after an alleged June 6 robbery at the Valero on Berrendo Road and Main Street. Investigators say video shows the attack was not violent and that clerk Tiffany Green and co conspirator Nina Herrera staged the crime to steal cash. Arrest warrants issued for Green and Herrera. Green may have fled to Albuquerque. Call CID or Crime Stoppers with tips.
MENTIONED IN THIS ARTICLE
Valero
Tiffany Green
Berrendo Road
Main Street
Green
APD
Travis Holley
Nina
Rosalinda) Herrera
Herrera
RPD
Holley
Albuquerque
CID
Vehicle burglary in Hastings leads to traffic stop seizure
Police responded to Hastings at 1705 N Main St around 10 p m Tuesday for a vehicle burglary. A blue and black bag knife laptop speakers headphones cash and a flashlight valued at about 980 were stolen. An officer stopped near Pontiac Dr and Montana Ave at 11 30 p m Tuesday and recovered the stolen items from a circling vehicle.
MENTIONED IN THIS ARTICLE
Hastings
N. Main St
Gerber Leatherman
Acer
Pontiac Drive
Montana Avenue
Multiple Local Crimes Reported With Damages and Theft
A 2001 Chevy Tahoe was stolen amid erratic driving. At Harvest Ministries an employee wielded an 8 inch knife after being asked to unload cartons. Police investigated broken windows on G Street with 22 panes damaged and noted youths nearby. Damages totaled 770 dollars. Crime Stoppers 888-594-TIPS offers anonymity and rewards.
MENTIONED IN THIS ARTICLE
Ted
Harvest Ministries
N. Main St
Marissa Vallejos
Vallejos
Also Mentioned on This Page
Rosalinda Herrera
Crimestoppers
Hondo Lodge
AF & AM
Karl Lynham
Fey
Finance
Yee
U An Ph
Peachtree
Emily Russo Miller Photo
Peachtree Village
Gwen Fowler
Roswell’s
Roswell
News & Business
Charles Fischer
fischer @roswell-record.com
Andrew Poertner
Roswell-Record.com
R. Cory Beck
N.M
Beney
Wivence
Mexico
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