Are retirees holding too many bonds?
Don't overlook Social Security, Bogle warns; 'greatest fixed income'.
The rule of thumb has always been that as individuals gets older they should allocate more to bonds, but that may not be the best route to retirement — and not just because of rising interest rates.
They may be overlooking the other big source of retirement income, which is Social Security, John
Learn more about reprints and licensing for this article.