It appears that interest rates are going to rise, when and or how much is the question. Assuming this is true, what bond funds do you think will be able to adjust to this new scenario, when it does occur? I personally am in my early seventies and my portfolio stays around 50% cash and bonds and 50% stock index funds with no need to take excessive risk. For whatever reason, I can handle stock volatility better than bond fund price decreases. If you are retired, what are you doing with the bond side of your portfolio?