Pension: A Bond Alternative?

Is A Pension A Stand-In For Bonds?

NEW YORK (CNNMoney) -- Our 401(k) and Roth investments are in stock index funds and commodities. We own no bonds. With a pension and Social Security, can we keep forgoing bonds? -- D.F., Washington, D.C.

Because your Social Security and traditional pension will churn out a steady income that's similar to the interest payment on a bond, you could theoretically go 100% stocks.

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