The economic meltdown appears to be changing the rules of how people should invest their money for retirement.    The New York Times has a really excellent article reevaluating some common conceptions about the safety of bond investing. 

From the Times: 

““We see a lot of retirees come in and they have a lot of their fixed-income investments in aggressive funds,” said Richard Rosso, a financial planner with Charles Schwab in Houston. “They have gotten seduced by the yield of the fund and didn’t look at how that yield was being derived.”

Instead, investors should anchor their portfolios with a fund, or combination of funds, that hold wide swaths of high-quality government-backed, corporate and mortgage-backed bonds — with short- to intermediate-term maturities, experts said.”

Click here for the rest of it. 

Best, 

James

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