How To Protect Your Retirement Savings From Rising Interest Rates

Many 401(k) plans offer a self-directed brokerage account. If your plan offers this option, then open the brokerage account and transfer some of your 401(k) account into that. Brokerage accounts in 401(k) plans offer thousands of additional fund choices, including a wide variety of short-term bond funds, individual stocks and bonds. Finally, many 401(k) participants allocate their accounts in target-date retirement funds, which are prepackaged funds which include a mix of cash, stock and bond funds. For the original version including any supplementary images or video, visit http://www.cbsnews.com/news/how-to-protect-your-retirement-savings-from-rising-interest-rates/