They actually benefit if rates rise, but if rates continue to fall or don't rise, you run risk. Jeff Holt More Quotes by Jeff Holt More Quotes From Jeff Holt It's important to remember that TDFs are not a guarantee of positive return over the short-term, the most important part for a retirement investor is to really understand what they are getting - that they are handing over their assets to a fund manager who creates a diversified portfolio for them. Jeff Holt money