The world’s largest asset manager says you can’t count on bonds anymore. What are retirees supposed to do now?

The world's largest asset manager is advising a shift away from bonds, which may impact retirees who traditionally rely on them for stable income, prompting a need for alternative investment strategies. This change in stance may lead to increased volatility in bond markets and a potential decrease in bond values. Investors may need to diversify their portfolios to mitigate risks.