Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here of Ready for Retirement.

I'm your host, James Cannell.

The topic for today's episode is bonds.

Bonds are typically thought of as a more conservative investment, maybe a more stable

investment, but this year bonds have been hit really hard, and because of that, many

people are asking, what do I do with the bond portion of my portfolio?

So that's exactly what we're going to be discussing today.

And today's episode is based on a listener question, and this question comes from

Kathy.

Kathy says, could you please explain

why bond fund values go down when interest rates rise? In my IRA and 401k portfolio, I thought

moving money into bonds as you get closer retiring was a safer slash less risky investment than stocks.

This has not proved true in this market this year. Thank you, Kathy. Well, thank you, Kathy, for that

question. It's a very important question because traditionally, and in most instances, that is

exactly right. As you get closer to retirement, and if you've heard me talk about this in other

episodes, I talk about the way to think about bonds. I don't think about it in the classic

6040 method, but in general, you do tend to have more

bonds in your portfolio the closer you get to retirement. So that's what we'll be discussing today.

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