Though I got out, TOTALLY, from Junk Bonds in mid-May of this year, after living off them for nearly 6 years, this sent a CHILL through my spine.
IF I had still been in Junk Bonds, and at this time last year, my life depended on them, this would have been SCARY. A STOP on withdrawals is bad at any time BUT particularly so at year end. Folks have taxes to pay, e.g., Property Taxes in New Hampshire, or have need to do some rebalancing for Capital Gains etc. WOW.
So a heads up. It has, with interest rates ready to rise, been a bad year for junk. I am surprised that there is till anybody in them. I just worry that those that are in are those that are OBLIVIOUS that they are in — and that is the dastardly deed of unscrupulous brokers.
So a BIG Heads Up. Get out, with what little you have left, as fast as you can.