Now that I’m officially retired, I’m trying to wrap my head around managing my finances. It seems like choosing the right fixed income investments is key to maintaining a steady cash flow, but the choices out there can be quite daunting. With interest rates changing and the economy always in flux, I’m unsure which bonds or fixed income products to really focus on.
I’ve been exploring different strategies like bond ladders and sticking to traditional government bonds, but I could use some guidance. How do you all approach these decisions? Have any specific fixed income investments worked well for you in retirement? What factors do you prioritize when making your choices?