10 retirement risks facing your clients
Interest-rate risk
Federal Reserve Chairman Jerome Powell has already announced a series of rate hikes this year to quell rising inflation, causing bond prices to fall.
“Shortening the duration of bond portfolios is of the utmost importance to limit the damage inflicted by rising interest rates, which cause the prices of longer-dated bonds to fall by more than those of shorter maturities.”
— Phil Blancato, chief market strategist, Advisor Group