While it’s common to invest in bonds, it’s fairly uncommon to understand the ins and outs of this essential asset class.
And, while you don’t need to be a bond expert to understand their benefits, it does help to have a high-level understanding of what they are and how they function when considering the role they could play in your retirement income strategy.
In this guide, we will explore the basics of bonds, review different types, explain how they function, how they are taxed, and the impact of current interest rates on their value. By understanding these core aspects, you will be better equipped to make informed decisions about how they fit into your overall financial plan.
This post originally appeared at MoneyByRamey.com.