

The order you tap your retirement accounts matters as much as how much you saved, and the conventional wisdom about which to drain first can quietly shave years off your portfolio if Social Security timing or Medicare premiums enter the picture.

Look at your last 401(k) statement. Somewhere in the fine print, a fee left your account.

TCW global head of distribution Jennifer Grancio says it's a ‘really interesting time' in the active fixed income management space. She sits down with CNBC's Dominic Chu on “ETF Edge” to discuss the latest trends and flows she's seeing, including CLO ETFs.

Most investors hold Vanguard Total Bond Market ETF (NASDAQ:BND | BND Price Prediction) because they want something boring in the portfolio, a sleeve that zigs when stocks zag.

The Fidelity Total Bond ETF (NYSEARCA:FBND | FBND Price Prediction) sells itself as a one-ticket solution for the bond sleeve of your portfolio.

Most investors evaluating bond ETFs compare yields and expense ratios and stop there.

Volatility spiked in late March when the VIX reached 31.05 on March 27, 2026, before easing back to roughly 19.50, a level near the upper end of its typical range.

The traditional 60/40 portfolio is undergoing a structural renovation, but the fixed income sleeve is proving far more difficult to stabilize than in years past.