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.