With $1.1 Million in a Traditional IRA. Yield Volatility Is Back. Here's Where I'm Allocating Capital

With $1.1 million in a Traditional IRA, the focus is on managing yield volatility while building a tax-deferred income portfolio tied to Dividend Kings. The article cites the 10-year Treasury at 4.46%, noting it swung from 3.97% to 4.67% over the past year, and mentions a flattening yield curve of 0.27%. The investor, aged 64, says capital will be allocated to Procter & Gamble, Johnson & Johnson, and Coca-Cola, using payout and free-cash-flow coverage to target safety. The piece highlights FY2026 EPS and dividend coverage ranges for each company and states JNJ’s dividend was raised 3.1% in April 2026. It adds that PG, KO, and JNJ are supported by balance-sheet strength and credit metrics, concluding the approach is positioned for continued oscillations near the 4.4% Treasury level.