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Retirees Seek Bond Strategy After Stock Liquidation
A 68 and 74 year old couple seek retirement advice on selling a diversified stock and mutual fund portfolio. The columnist suggests liquidating all stocks and the fund, shifting to high quality corporate bonds rated A or better for about 8 percent yield, and outlines how to proceed via an NYSE member broker. The column also notes variable savings bond rates and blames shifting economic conditions.
MENTIONED IN THIS ARTICLE
Husand
New York Stock Exchange
U.S
Uncle Sam
Treasury Department