Bonds are often described as the safe part of a portfolio, but safety is not the same as neutrality. In certain environments, bonds help you play not to lose rather than play to win.
We help clients evaluate whether their fixed-income allocation is truly supporting their income needs or simply reducing volatility at the cost of long-term growth.
The right answer depends on your timeline, withdrawal strategy, and tolerance for sequence-of-returns risk—not a generic age-based formula.