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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