Yield-Seeking Retirees Should Stick With Boring Companies

My friend John’s career ended abruptly a few years ago before he could accumulate enough savings to fund a comfortable retirement. To supplement his modest pension income, John considered investing in government bonds and savings accounts whose yields had been climbing along with interest rates. Despite the higher yields, the resulting income stream from these conservative investments was not enough to fund the standard of living to which he’d become accustomed....