Why Fixed Income No Longer Means What Retirees Think It Does

For as long as most of us can remember, "fixed income" has meant the same thing to retirees, and it generally appears in the form of safe and predictable bonds that pay out steady interest, all while allowing the preservation of capital. If you bought a 10-year Treasury or corporate bond ladder, you could collect coupons and never worry about principal. Quick Read Bond portfolios dropped 20% in 2022 as rates climbed. This broke traditional fixed income safety assumptions. A 4.06% Treasury yield minus ...