Falling Interest Rates Are Tough on Retirees. These Are Your Best Moves

Rich Steinberg, Chief Market Strategist at financial-advice firm The Colony Group is telling his clients – many of them retirees in Boca Raton, something very similar. Yields on energy “master-limited partnerships” and some corporate bonds may be tempting, but retirees have to resist the temptation, he said.

“My dad told me, ‘if you reach for yield, you’ll pull a muscle,’” said, citing his father, Norman Steinberg, with whom he co-founded the financial-advice firm that later merged with Colony