Most of my account values are falling due to interest rates rising. That's because bond/CD values go down when interest rates go up. Similarly, bond/CD values go up when interest rates fall.
I'm not worried about bond/CD values going down since my plan is to hold to maturity, which means I receive 100% of par value, which is usually the issue price. While waiting for maturity, I am paid a 4-5% total annual payment for holding the bond/cd, no matter what the interest rate is. The bond/CD payment is what is really important to me, and it will be consistent no matter what the interest rate is.
That is my strategy for retirement income at this time so that I can be stock market volatility agnostic. This will be one of the first tests on the strategy.
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This is not financial, fixed income, nor retirement advice. Please consult a professional advisor.
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