Investors should keep their expectations in check with few asset classes looking particularly attractive and complacency in the marketplace, says Allocation Fund Manager of the Year David Giroux of T . RowePrice Capital Appreciation.
Favorable fundamentals and better yields relative to other fixed-income assets make high-yield bonds worthy of a long-term allocation, but investors shouldn't try to time the market and must ratchet down their return expectations, say T . RowePrice High-Yield manager Mark Vaselkiv.
The 4% withdrawal rule of thumb may get you in the ballpark, but investors should revisit their drawdown plan as the markets and personal circumstances change, says T . RowePrice senior financial planner Christine Fahlund.