In the following video, Fool analysts Matt Koppenheffer and David Hanson discuss how Federal Reserve actions may change your approach to retirement planning.

Recently, many private investors have been considering stocks that pay higher dividends, specifically mortgage real estate investment trusts, or REITs, as an alternative to low-yield fixed securities. Matt thinks that mortgage REITs, including Annaly Capital Management (NYSE:NLY) and American Capital Agency (NASDAQ:AGNC), will have to navigate a challenging short-term interest-rate environment. He explains how short-term interest-rate spreads may affect future dividend yields and stock prices.

Matt also considers how your retirement time horizon may be a crucial factor in deciding to include or hold mortgage REIT equities in your portfolio.

David Hanson, Matt Koppenheffer, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.