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I was casting my eye over my balance sheet the other day and it struck me that in the future I don't need to buy any more equities - the dollar amount I have in them now matches what I propose to hold in equities during retirement.

That much said, it will be solely bond purchases for the next five years or so and looking at the Claymore laddered funds and others I am wondering why I need anything other than these cheap, structured, five year rollovers. If I just wish to make a reasonable return when compared to prevailing rates and have regular, predictable distributions why would I buy anything that features longer bond terms?
 

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Nothing. Long term government yields are at 3%. You'd have to be expecting deflation to want to buy at those rates.

Depending on the size of your bond portfolio, you can look at creating a ladder yourself. I'm not sure it's worth the effort to save the MER.
 
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