Shortened durations last year. Put some fixed in a stable value fund. Short-term bond index.
The only intermediate bonds we hold are in some balanced funds.
My fixed allocation is at the right level... but have a little too much is in cash right now.
I am trying to figure out my approach for moving more money into bonds. I will probably begin to average money into a broader bond index later this year.
I will be watching rates over the next several years for two reasons:
- Purchase a nominal SPIA (Made in several purchases) - income supplement
- Build a Bond ladder (using part of our fixed allocation).