De-risk Retirement: Cash & Bonds Now

0:00Folks near and retirement are already there. It's prime time to dial back the stock risk in your portfolio. US stocks crushed bonds for years, making it easy to stay heavy in equities. But with the recent market shakes and prices still near peaks, swaps some shares for cash and top bonds now. That drift happened without you lifting a finger. A portfolio that was 60% stocks and 40% bonds five years back, it's pushing 80% stocks today from gains alone. Recent volatility is your signal to rebalance before a real dip hits. The payoff is huge for your peace of mind. Bonds bring steady vibes with way less wild swings than stocks. They shield against sequence risk. Those brutal early retirement losses that record draw plans if markets tank right when you start spending. Here's the play. Build three buckets. Stash one to two years of spending in cash, five to eight years in bonds to weather stock storms and keep the rest in growth assets. If you're retired or super close, move fast. Further out, dollar cost average gradually

1:02and watch taxes, especially in taxable accounts. Derisking locks and gains at these highs and sets you up solid no matter what the market throws next. Stay smart out there. That's your update from Durham News Today, powered by AI. I'm Cory with the story.