Bonds are normally part of a conservative diversified investment strategy. As such, it is important to have an understanding of bonds and how they function. Bonds (or “fixed income”) are utilized in portfolios to help reduce risk and add stability to the portfolio. In addition, bonds can create cash flow that can be used to fund withdrawals. Bonds are issued by businesses and governments to help fund their operations. It is essentially similar to a loan or an I.O.U, which i