What is the appropriate risk in a balanced portfolio in the current environment?

I am 65.5 and newly retired. I am concerned about the interest rate sensitivity of my dividend-driven holdings. I decided on this route because of the rather low yields experienced from my fixed income holdings (Bond Funds/ETFs and Short-Term CDs. I am trying to achieve a balanced portfolio, but I'm not sure the impact of the probable interest rate rise in the near future. The dividend driven fund has a beta of .91 relative to the S&P and this investment is in a rollover IRA. Is this risk appropriate for the current environment, and should I be in a risk-reduction phase? 

Asset Allocation, Bonds / Fixed Income, ETFs
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December 2017

Balancing the risk of rising interest rates for bond funds and potential drop in stock prices can be delicate. However, ensuring that you have an appropriate mix of both depending on your goals and time horizon can fortify your position. An advisor managed ETF portfolio would be a great choice.

December 2017