Bonds have been all over the financial news lately, and for good reason. When interest rates move sharply, bond prices can move in the opposite direction, and that can surprise investors who have always been told that stocks are risky and bonds are safe.

Bonds can play an important role in a retirement income plan, but only when you understand what job they are supposed to do. If half of your portfolio is made up of bonds for the sole purpose of acting as a counterbalance for stocks, you might be taking on far more risk than you realize.

So how should retirees think about bonds, interest rates, and the “safe” part of their portfolio? Get the details from podcast host Johnny Dean and Rick “The Professor” Plum, CFP® on this week’s episode of Managing Your Financial Future!