when I'm closer to retirement

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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