Bonds are supposed to be the "plain vanilla", rock solid part of a person’s portfolio. As a person enters retirement, bonds have tended to play a bigger role. John Bogle, founder of Vanguard, always gave the advice to put “your age in bonds.” In other words, if you're 60, sixty percent in bonds, forty percent in stocks. What Mr. Bogle had in mind, however, was a solid, high quality collection of bonds, and bonds only. Today, bond funds are risky because interest rates are rising. Worse yet, many bond funds are adding derivatives, junk bonds, and futures contracts to the mix, in what are known as “un-constrained” or non-traditional bond mutual funds The risk is HIGH, the rewards... not so much. And even worse, you may own one and not even know it!! We'll tell you what to look for. Then estate planing attorney and MBA Richard Dwornik joins us for the Q & A session. Keep it right here--MASTERING MONEY is on the air!!