How to Use Bond Ladders in Retirement Portfolios
Should bonds be kept in mutual funds or purchased as individual securities and held to their maturity dates? The former option receives much far more attention, as managers compete in a performance-driven marketplace. But investing, especially for retirement, shouldn't be driven by maximizing risk-adjusted returns. Advisors must focus on securing a client’s future spending needs. I will investigate the role of bond ladders in retirement and which ladder length is best for clients.
Pfau, Wade, "How to Use Bond Ladders in Retirement Portfolios" (2014). Faculty Publications. 130.