What Would A 30-Year Bond Ladder Cost A Retiree Today?
Building bond ladders for retirement income is an important but understudied topic.
Especially since we are at a point in time when many are worried about future interest rate increases, bond mutual funds risk locking in capital losses when shares are sold to meet expenses, while a bond ladder will still provide the obligated cash flows, no matter what happens with interest rates.
Pfau, Wade D. PhD, "What Would A 30-Year Bond Ladder Cost A Retiree Today?" (2017). Faculty Publications. 739.