His announcement comes just a week after fast bowler Shane Bond confirmed his retirement to join the rebel Indian Cricket League.
My bond allocation for a tax-sheltered retirement account is 60 percent in the Vanguard Total Bond Market (symbol: VBMFX), 20 percent in the Vanguard TIPS fund (symbol: VIPSX), and 20 percent in the Vanguard Corporate High Yield fund (symbol: VWEHX).
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As they approach retirement they increase the bond allocation, as a safeguard against the stock market crashing just before they need the money.
And if tuition, or retirement arrives and your bond fund is underwater by a lot, or even a little, you may be reluctant to take the loss.
Before investing spare dollars for retirement in mutual stock and bond funds, or buying complex insurance products that are subject to market risk, those 25-year-olds should first focus on savings.
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Larry Bell: Maria, over the course of our conversations, you have shared some very sobering realities and informative insights warranting serious consideration in bond issue voting, municipal investments, and retirement planning decisions.
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First, unless you're investing in munis, individual bonds as well as bond funds should be held in your tax-deferred retirement accounts.
So we had people nearing retirement with target-dated accounts that held heavy bond portfolios and they ended up on the losing end.
One way I trim the fees charged by fund companies on my retirement accounts is to invest in a handful of stock and bond index funds, which carry expense ratios ranging from .05 percent to .16 percent.
For example, Wyman concluded the Ernsts were too heavily weighted in stocks and should own more taxable bond funds, which are best held (for tax reasons) in a retirement account.
This volatility in bond prices, which was experienced in the market crash in 2008, will wreak havoc on retirement portfolios heavily weighted with these bonds.
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