Welcome to another mailbag episode.

It’s not a surprise that the value of bond funds has gone down with the high interest rates in the past couple of years. But is it a good enough reason to dump your bond funds over it? In this mailbag questions episode, we discuss PIMCO Total Return Instl., the risks of dumping your bond funds, debt payments, and more.

Show Notes
[03:34] Total return fund – Grant starts the conversation by talking about the PIMCO Total Return Instl. and its status in recent years.

[07:21] Bond funds – Grant shares some important considerations about bond funds.

[14:00] Risks – Grant explains why it’s not a good idea to dump your bond funds just because they had a bad couple of years.

[20:00] Paying off debts– Grant explains why it’s not always a good idea to take dump your bond funds to pay off your debts.

[30:40] Relevance – Grant tells a story about one of his clients and explains why taking out Money and paying off debts can work for some people.

Resources
SEC 30-Day Yield Definition, Formula, Calculation, Example
investopedia.com/terms/s/secyield.asp

morningstar.com/funds/xnas/pttrx/quote

Most Recent Episodes

October 2, 2024

Ep #250 – Should I Roll My 401k Into an IRA?

Most Americans have at least some of their Retirement savings sitting in workplace retirement plans like 401ks, 403bs, SEP-IRAs and the like.  And when you leave a job, due to a retirement...

Listen · 50:38

September 4, 2024

Ep #249 – We Just Retired. Should We Downsize?

Downsizing from your large, long-held family home is a popular concept for retirees, but may not always be the best choice.  Even though smaller homes are less costly & easier to maintain,...

Listen · 26:17

August 28, 2024

Ep #248 – I’d Like to Give More to Charity. How Can I Reduce My Taxes by Doing So?

Mailbag Question: “I’d like to give more money to a couple different charities this year, but my tax person said it wouldn’t help my taxes.  Is there a way I can make a gift that reduces my...

Listen · 27:39

Load More Episodes

Grant Bledsoe Financial Planner to Business Owners

I'm a financial planner to business owners, and the founder of Three Oaks Wealth. Our firm helps business owners align their business interests with their personal finances, often including the exit or sale of equity holdings.

I hold several professional credentials, including the CERTIFIED FINANCIAL PLANNER™, Chartered Financial Analyst, and Certified Exit Planning Advisor designations.