Couple talking to financial advisor at home Fg Trade | E+ | Getty ImagesConsider when to increase bond durationWhile it's difficult to predict future interest rate cuts, Kyle Newell, a certified financial planner and owner of Newell Wealth Management in Orlando, Florida, said he has started shifting bond allocations. When building a bond portfolio, advisors consider so-called duration, which measures a bond's sensitivity to interest rate changes. watch nowAs interest rates rose in 2022, many advisors opted for shorter-duration bonds to protect portfolios from interest rate risk. But allocations may shift, depending on future Fed policy. Look for 'areas of opportunity'As policy shifts, advisors are also looking for ways to optimize allocations amid continued economic uncertainty.

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Persons: Kyle Newell, Newell, Ashton Lawrence Organizations: Newell Wealth Management, Mariner Wealth Advisors Locations: Orlando , Florida, Greenville , South Carolina