when I'm closer to retirement or retired I wouldn't want excessive volatility as I wouldn't have the time to ride it out, so yes I'd hold more cash as I approach that age
When will you turn equities to cash for retirement?
As individuals age, it's commonly advised to decrease stock holdings and increase safer assets.
A rule of thumb suggests holding a percentage of stocks equal to 100 minus one's age.
For instance, a 60-year-old might hold 40% stocks.
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