Balanced strategy offers Rx to tapering

Tapering doesnt necessarily mean tightening, said Joe Lucey, president of Secured Retirement Advisors in St. Louis Park, Minn. Were probably looking at two to three years before interest rates gets back to where they were.

By Dan Berman | Updated on January 03, 2014

If retirees are concerned that the Federal Reserve’s plan to taper its stimulus program could affect their income and investments, advisors say implementing a balanced strategy will work no matter what happens in the markets.

“Tapering doesn’t necessarily mean tightening,” said Joe Lucey, president of Secured Retirement Advisors in St. Louis Park, Minn. “We’re probably looking at two to three years before interest rates gets back to where they were.”

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