With interest rates so low, it’s getting harder and harder to find income for clients. The five-year Treasury bond is yielding a mere 1.39%, while the iShares Aggregate Bond Fund (AGG) is yielding only 2.39% as of Sept. 30, 2013.

It’s both tempting and easy to put our clients in bond and bond funds yielding much more. Intermediate-term investment grade bonds are yielding about 3% while long-term investment grade bonds now yield nearly 5%. High yield debt is paying more and emerging market debt is paying 8%.

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