Retirement Income Lock

This book issues a wake-up call for today's retirement investors-a reminder that this is not your parent's investment environment

It will be harder for you than it was for your parents to generate the investment income you'll depend on during your retirement. In 1980, income yields on bonds and certificates of deposit were above 10 percent. Today, CDs are averaging less than 2 percent, and most bond funds have yields below 3 percent-and the real danger to your portfolio is yet to come

Over the past thirty-five years, bonds have been considered the safest investment around. However, the future is not as favorable to this investment strategy. Bond prices are primarily driven by changes in interest rates. Although rates change frequently, they generally follow a long-term trend, which will be moving upward over the next thirty years.

As interest rates rise, bond funds will fall in value, and bond investors are unlikely to recover their losses for decades.

Alternatives to bond funds exist that offer guaranteed principal and income. Retirement Income Lock clearly and concisely explains how you can protect your investments from losses and provide an income that will last throughout retirement.