“if you are close to retirement you’re not supposed to be invested in volatile instruments.”
Invest in bonds and due to inflation you will be broke in 20 years.
depends on the bond and the interest rate. Government bonds are not the only ones out there.
“if you are close to retirement you’re not supposed to be invested in volatile instruments.”
I just turned 53. At the beginning of the year I pulled my investments in my 401k back to conservative instruments. Bond and income funds. This applies to our corporate pension, and IRS rates. See the email text I posted above.
Also, this is one of the few times since 1921 that bonds went down along with stocks by almost an equal percentage. If the fed keeps raising rates, bonds will continue to go down, killing this once valuable diversification option. Biden and the spendapalooza congress have really screwed us like no other.