How to Increase Your Retirement Income

Balance the risks and rewards of choosing different types of bonds

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Some retirees are trying to come up with a way to recoup last year’s investment losses. Bonds are an attractive choice for retirees because they’re less risky than stocks while still providing higher returns than CDs. Government bonds provide the most security, but also generally the lowest interest rates. And municipal bonds are attractive for their tax-free status when held outside of retirement accounts. But bonds promising high returns do carry some risks, especially junk bonds. On Monday night I spoke with Nightly Business Report about how to balance the risks and rewards of choosing different types of bonds. You can watch the video here.

Also, check out these 6 ways to make your retirement accounts last longer.