In the classic 60/40 stock-bond portfolio, the stock portion is supposed to provide the gains, while the task of the bond portion is to cushion the fall when stocks are going down in value. This past year, though, things haven't quite worked out that way.
Both stocks and bonds are down in 2022, as interest rates have risen in an effort to thwart inflation. Without this so-called "protection" from bonds, could there perhaps be a better alternative that an investor may want to consider?
Podcast host Johnny Dean and his guest, "Professor" Rick Plum, CFP® discuss why certain fixed annuity products may potentially work better than bonds on this week's episode of Managing Your Financial Future.
