The 10-year U.S. Treasury yield has topped 5.3%, its highest level in 24 years, causing price declines on bonds held by retirees. Over the past month, the real estate and financial sectors have fallen more than 2%, while the Vanguard High Dividend Yield Index (VYM) has lost 1%. Money market funds now offer attractive yields, with the Vanguard Federal Money Market Fund (VMFXX) yielding 3.81% and the Vanguard Ultra-Short Bond ETF (VUSB) posting a 30-day SEC yield of 4.78%. Experts advise maintaining cash reserves for six to twelve months, rebalancing portfolios by selling winners, and using tax loss harvesting to offset gains elsewhere, up to 3,000 dollars per year.
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