The notion to have X% invested in bonds as you get older is old news. The other old standard is taking 4% out of your portfolio each year to live on. Some of the new standards are 0% in bonds and up to 8% withdrawal rate.
It all depends on how much you have in your portfolio, how much you need to live off of, and your risk tolerance.
Just because you retire or you turn 65, that doesn’t mean you have to stop making money.
I have a VP of the brokerage house I have my portfolio in that calls me once a year to see how things are going. I do my own trades, I don’t use and of this firms brokers. She looks over my accounts and always tells me you have done well this year and has always told me to think about bonds, she has done this for 2 decades, and she knows I won’t.
I’d rather be in a money market making 5+% than getting in bonds.
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