Retirees can escape low rates trap

By John Collett
Updated July 6 2015 - 10:13am, first published June 24 2015 - 5:06pm
Jim Donovan says he has had to cut back on many things he enjoys. He receives a part age pension and, together with his wife, owns this unit in Sydney's Marrickville. Photo: Fiona Morris
Jim Donovan says he has had to cut back on many things he enjoys. He receives a part age pension and, together with his wife, owns this unit in Sydney's Marrickville. Photo: Fiona Morris
 
 

Retirees must feel like they are being held hostage to super-low interest rates.

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