How retirees can climb to the top of the ladder

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Bond investors, welcome to Lake Woebegon!

There’s a surprisingly easy way for retirees to have the bond portions of their portfolios become, like the mythical children of “Prairie Home Companion” fame, above average. That’s because you can construct a portfolio of bonds whose total return will almost certainly be higher than the average of those individual bonds’ yields.

Better yet, getting this happy result requires no special abilities or market timing prowess.

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