Retirees face income squeeze as Fed rate cuts reduce cash yields, prompting fixed income strategy reset

The article discusses how retirees who relied on high-yield money market funds (above 5%) in 2023-2024 now face reduced income as the Federal Reserve cut rates from September 2024 through 2025, holding the target range at 3.50%-3.75% through mid-2026. It argues that retirees need