WASHINGTON, D.C. -- Baby boomers are retiring at the rate of 10,000 a day. And the typical target-date fund as well as allocation of assets typically involves moving to what Charles Schwab Investment Management President Marie Chandoha calls “income-based strategies’’ as individuals move closer to retirement.

Enter problem. Returns on bonds and other fixed-income products have been near zero for the last four years. And, yet, when rates turn back up the value of existing bonds drop.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.