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Where to Invest When Yields Are Low

How does an investor extract a livable income stream from a retirement portfolio in such a low-yield environment?

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Although bond yields have ticked up a bit in recent months, they're still quite low by historical norms. Joining me to discuss how to wring a livable income stream from a retirement portfolio is David Blanchett. He is head of retirement research for Morningstar Investment Management.

David, thank you so much for being here.