Before we happened into PRWCX toward the end of 2006, we were invested directly through 8 funds and 4 different fund companies which covered LCG, LCV, SCG, SCV, real-estate and a couple bond funds. I knew nothing about DG at the time other than he and Arricale had been on the job for less than 6 months. We were 43 & 39 years old but it was very apparent my wife had no interest being involved in our investments, so I was looking to simplify in case something ever happened to me. Most advisors would never have recommended PRWCX by itself for investors our age. But, it has worked for us along with our personal high savings rate.
6 years ago we met with a CFP we know who helps advise >$10 billion at the firm he works for and he told us not to change a thing, as we were well on our way to meeting our retirement goals and that his annual advisory fee could not be justified to take over our accounts.
I won't recommend others investing as we have largely chosen to in the last 17 years, but it has worked for us. At ages 60 & 56 current Monte Carlo simulations have us at 99% success rates if we both retire today.
We've been fortunate to work our whole adult lives, live modestly, and to be vigilant about saving and investing which has also allowed us to give regularly to charitable organizations and individuals in need. For all this I take little credit other than to thank God for the opportunities we've been afforded and been able to take advantage of.
Wishing all a wonderful, peaceful and healthy 2024. I don't contribute much to this site, but have learned so much....thank you.

I have been trading a big % since 2000 of at least 20% until retirement.
Since retirement in 2018 and only 2-3 funds (they are not at equal %), every trade is at least 30%, and most are at 40-50%. Changes under 10% have minimal effect, and under 5% are meaningless.

PREVIEW & REVIEW (consolidated). 2023 was a bad year for BIOTECH, but there were several M&A deals. The equal weight XBI outperformed the market-cap weight IBB. Pause in rate hikes, and prospects for rate cuts, helps companies that rely on debt. 2024 should be a better year for biotech.
Best INCOME investments for 2024. Bonds came through in 2023 beating their recent bear market. Who knew that Treasuries could move like this. Bond yields are higher and more normal. Cash remains appealing too. Dividend stocks lagged other stocks, but offer both current-dividends and dividend-growth. In the list below, fund types OEFs, ETFs and CEFs are mixed.
US Dividend Stocks – VYM, SCHD, NOBL
Foreign Dividend Stocks – IDV, SCHY, IEMG
Energy Pipelines – AMLP, KYN, SMLPX
Utilities – XLU, UTG, NEE
Telecoms – T, TMUS, VZ
Convertibles – CWB, ICVT
Real Estate – VNQ, RQI
MBS – MBB, VMBS, DLTNX
HY – HYG, TUHYX, JQC
Preferreds – PFF, JPC, FPEI
Munis – VWITX, NEA, MUB
Treasuries – SHY, TLT, TIP
FUNDS. Many investors like to buy TREASURIES at Auctions at Treasury Direct (TD; a site that isn’t very user-friendly). One has to own these to maturity at TD, or move them out of TD to brokerages for trading. But Treasuries can also be bought at major brokerages at Auctions or in the secondary market (with bid-ask spreads) with no/little commissions. Treasury funds can be used by those who don’t want to deal with individual Treasury purchases. (By @LewisBraham at MFO)
EXTRA, FUNDS. 2023 had several good bond ETF launches. A total of 500 ETFs were launched and 370 were active ETFs; there are now 1,353 active ETFs with $500 billion AUM. Many active ETFs have lower ERs than their OEF cousins. Mentioned are active multisector BINC, value TCAF, ETF of ETFs DFAW. The fee wars continued with indexed SCYB, BEMB, etc. The worst ETF offerings were AIYY, BITX, etc.
RETIREMENT. SECURE 2.0 has allowed several changes for 401k/403b, but plans have been slow to adopt OPTIONAL changes – employer contribution matching for student loan payments, emergency funds within 401k/403b (PLESAs), etc. This may be because the employers are focusing now on several MANDATORY changes for catchup provisions, auto-enrollments, RMDs, etc. (Also, because 401k/403b regulations have become very complicated)
https://ybbpersonalfinance.proboards.com/thread/546/barron-january-1-2024-2
https://www.barrons.com/magazine?mod=BOL_TOPNAV

https://www.sec.gov/Archives/edgar/data/1355064/000158064223007004/dayhagen_497.htm
497 1 dayhagen_497.htm 497
DHAM_Logo
Day Hagan Smart Value Fund
Class A: DHQAX Class C: DHQCX Class I: DHQIX
(the “Fund”)
Supplement dated December 29, 2023 to the Prospectus, Summary Prospectus and Statement of Additional Information, each dated November 1, 2023.
______________________________________________________________________________
The Board of Trustees of Mutual Fund Series Trust has concluded that it is in the best interests of the Fund and its shareholders that the Fund cease operations. The Board has determined to close the Fund and redeem all outstanding shares on January 26, 2024 (“Liquidation Date”).
Effective immediately, the Fund will not accept any new investments and may no longer pursue its stated investment objective. The Fund will begin liquidating its portfolio and will invest in cash equivalents until all shares have been redeemed. Any capital gains will be distributed as soon as practicable to shareholders and reinvested in additional shares, unless you have previously requested payment in cash. Shares of the Fund are otherwise not available for purchase.
ANY SHAREHOLDERS WHO HAVE NOT REDEEMED OR EXCHANGED THEIR SHARES OF THE FUND PRIOR TO JANUARY 26, 2024, WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE ADDRESS OR ACCOUNT OF RECORD. If you have questions or need assistance, please contact the Fund at 1-877-329-4246 (877-DAY-HAGN).
IMPORTANT INFORMATION FOR RETIREMENT PLAN INVESTORS
If you are a retirement plan investor, you should consult your tax advisor regarding the consequences of a redemption of Fund shares. If you receive a distribution from an Individual Retirement Account or a Simplified Employee Pension (SEP) IRA, you must roll the proceeds into another Individual Retirement Account within sixty (60) days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year. If you receive a distribution from a 403(b)(7) Custodian Account (Tax-Sheltered account) or a Keogh Account, you must roll the distribution into a similar type of retirement plan within sixty (60) days in order to avoid disqualification of your plan and the severe tax consequences that it can bring. If you are the trustee of a Qualified Retirement Plan, you may reinvest the money in any way permitted by the plan and trust agreement.
You should read this Supplement in conjunction with the Prospectus, any Summary Prospectus and the Statement of Additional Information for the Fund, each dated November 1, 2023, which provide information that you should know about the Fund before investing. These documents are available upon request and without charge by calling the Fund toll-free at 1-877-329-4246 (877-DAY-HAGN) or by writing to 4221 North 203rd Street, Suite 100, Elkhorn, Nebraska 68022.

Stable-Value (SV) Rates, 1/1/24

TIAA Traditional Annuity (Accumulation) Rates
Drops of 75 bps except for Newer IRAs (same).
Restricted RC 6.25%, RA 6.00%
Flexible RCP 5.50%, SRA 5.25%, Newer IRAs 5.20%
TSP G Fund hasn't updated yet (previous monthly rate was 5%).
Options outside of workplace retirement plans include m-mkt funds, bank m-mkt accounts (FDIC insured), T-Bills, short-term brokered CDs.
#StableValue #401k #403b #TIAA #TSP
https://ybbpersonalfinance.proboards.com/post/1298/thread

For convenience I don't wanna move out of TRP. PRWCX is almost 40% of my total. It chugs along. My junk bonds TUHYX and PRCPX are doing well: one much better than the other on account of the price-point when I got in. But even the laggard has done so well, I'm just about breaking-even--- after being very patient with it, collecting rather delicious monthlies along the way.
They have some State-specific munis which don't impress. Most of the other bond funds don't impress, either. Surely, a big pile of people are into their Retirement glide-path funds via 401k or 403b. There are just SO MANY funds. A person could get lost in them all. Remember when Matthews was doing that? And look what happened at Matthews. Quite the mess.

+1
Nice write-up @Tarwheel. I’d been a happy camper with TRP since the mid to late 90s. Kept anywhere from 40-60% of my retirement funds there over more than 25 years with the rest spread around different fund houses. I left about 3 years ago after noticing their phone based client support had become abysmal to the point where i began to worry about (unwanted) paper statements ending up in someone else’s mailbox. Repeated calls didn’t help. Couldn’t stop the unwanted sporadic and unpredictable statement mailings. And when I finally moved out, they screwed up the transfer to Fidelity royally.
Their fixed income funds lagged up until the late 90s when a very talented woman took over. For a few years, under her leadership they got a lot better. Not sure when she moved on. ISTM she left sometime after 2000 to take a government position in Washington DC. Fixed income fell back to mediocre not long after.
The Giroux affectionados here love the guy and everything he touches - with good reason. Maybe they’ll discover a way to clone him and put the clowns clones in charge of everything. But I agree with you that their allocation funds ain’t what they once were. Likely it’s the fixed income component that’s causing the lackluster performance. I do own a slug of TRRIX (a 40/60 fund). ISTM it lost 10-12% in 2022. Worst showing I can ever remember (umm … other than 2008). It keeps most of its fixed income component in their New Income Fund (PRCIX) and most of the remainder in a short-immediate term TIPs fund. The former has always been a bit of a dog.
The world turns over every 24 hours. I’m sure the move to ETFs is hurting their bottom line and maybe (a guess) causing either some talent drain or cut-backs in research. Just guesses. BTW - their offerings have multiplied at least 5X since I joined them in the mid-90s. Not sure that kind of shotgun approach is in their best interest. But definitely got problems in River City Baltimore.

Rossby commented, "Investing After Retirement” forum on the M* of the olden days.
It seems to me more retirees commenting here than non-retirees. Maybe I'm off base ?
CD's at 3% would be my cut off point. Well , guess I'll have to wait & see if that will hold true !
Happy New Year to All, Derf

As a Super Senior, CDs are very important in our savings and planning.
They offer security and liquidity and beat the low savings offered at our local CU. We have about 20% in Mutual funds and that makes us over extended if one uses the 100-age rule.
A change if our life style, Assisted Living, may be around the corner.
To make things simple for my wife and our heirs we have investments in only 2 firms. I am shortening our CD ladders to one year with many rungs.
The stability of the bank offering the CD is more important than a few tenths of a % in the interest rate.
Our pension and SS income is well greater then our current living expenses but would be gobbled up in a cared living facility.
I miss the “Investing After Retirement” forum on the M* of the olden days.

Rossby, I am also focused on my age, and my desire to avoid unnecessay stress in protecting my retirement assets. I keep hearing these statements about how investors think they can "guarantee" that other asset classes will make much more than CDs, but I keep experiencing market changing events that are "unique" that cause unexpected changes in total return reality. I am about to turn 76, starting to experience noticeable changes in my health conditions, starting to think about potential changes in my living options, etc. I have no idea what the age of each poster is, who are making comments, but younger persons can look at this thread as just a money making accumulation decision, while they go to work each day, and enjoy a variety of employment fringe benefits. I no longer work, and I must adjust my investing decisions based on the absence of employment pensions and accommodations for age related investing decisions. Everyone has a unique set of life circumstances that must be considered what risk you are able to take.

As a Super Senior, CDs are very important in our savings and planning.
They offer security and liquidity and beat the low savings offered at our local CU. We have about 20% in Mutual funds and that makes us over extended if one uses the 100-age rule.
A change if our life style, Assisted Living, may be around the corner.
To make things simple for my wife and our heirs we have investments in only 2 firms. I am shortening our CD ladders to one year with many rungs.
The stability of the bank offering the CD is more important than a few tenths of a % in the interest rate.
Our pension and SS income is well greater then our current living expenses but would be gobbled up in a cared living facility.
I miss the “Investing After Retirement” forum on the M* of the olden days.

LINK
https://www.barrons.com/magazine?mod=BOL_TOPNAV
INTERNATIONAL TRADER. EM BONDS are attractive, especially the local-currency EM bonds (LEMB). Dollar-denominated is EMB.
FUNDS. Hot-hand managers are coming to active equity ETFs (TCAF, QLTY, FBCG, CGDV, DCOR, ARKK, etc). There is a flood of active ETFs with 240 new YTD. Much of the growth has been for active equity ETFs after the SEC approved several models a few years ago. The ETF wrapper offers tax-efficiency due to its in-kind creation/redemption. However, most indexes (broad or customized/special) also tend to be tax-efficient. So, active managers have headwinds vs indexes. The active ETFs may have significant differences from their OEF cousins even when both are run by the same team(s) – the ETFs may have fewer stocks or use fewer portfolio strategies. Active ETFs may be only a bit cheaper than their OEF cousins.
FUNDS. @DavidSHERMAN (58) uses value strategies for short-duration (0.75-2 years) HY bond fund CBLDX (ER 0.91%). He also looks for event-driven opportunities – early redemptions, change in control, selloffs following disasters, etc. He expects the yield-curve to normalize in 2024.
INCOME. Higher rates came and went. But bond funds with short/intermediate duration offer high current rates and will benefit from rate declines. Barbell strategies are also good. Mentioned are OEFs STYAX, VMBSX; ETFs AGG, TOTL, PSK (preferreds); CEF PMM (muni).
ECONOMY. FUNDS. Boring won in 2023. This skinny bull driven by Magnificent 7 did wonders for index funds. So, investors who didn’t do much deep analyses and just dumped some money into the SP500 or total market index did well. The SP500 index funds are now 10.7% of the fund universe, the total stock market 6.8%, with both accounting for 17.5% vs 8.76% in 2013. Very interesting considering that the 1st retail SP500 fund in 1976 (Vanguard) was a flop – it raised only $11.3 million in its initial period vs $150 million expected; it could afford only 280/500 stocks; Vanguard total market index fund followed in 1992 and many TDFs hold it. How has the tide turned from the humble beginnings? The SP500 index funds with only 2-4 bps ERs are formidable benchmarks to beat.
Q&A. Joel TILLINGHAST, Fidelity Small/Mid-Cap FLPSX (almost global). He has managed the Fund since its 1989 inception. Considering the regime shifts going on (inflation, taxes, regulation, energy transition, AI, etc), this market is too calm and cheerful, almost like 1999-2000. He likes to see steady and predictable cash flows. Investors may have an edge on small/mid-caps as they are less followed by analysts and institutions. Indexing is very popular now, but active managers will do fine in the long-term. Peter LYNCH taught him to be flexible when things/facts change; to accept errors and move on. He is retiring in 2023, leaving FLPSX in good hands (PECK, CHAMOVITZ), and will devote more time to mentoring, traveling, gardening, and book writing. Previous book, Big Money Thinks Small, 2020.
EXTRA, RETIREMENT. The good news is that Social Security payments will rise +3.2% in 2024 (old news), but the bad news is that it won’t be enough due to high inflation. Although inflation has moderated, that doesn’t mean lower prices. Significantly up are auto insurance, rents, medical care, Medicare Part B Premium. Almost 20% of 65+ are still working.

We are making small changes as part of our rebalancing:
1. Increase bond % and duration (short to intermediate and some long duration). Prefer investment grade. Funded from stocks, CDs, and T bill.
2. Increase oversea bond exposure both via index as well as active managed (new position)
3. Swap some junk BL/FR funds to IG and treasury floating rate funds/ETFs.
4. Consolidate stock funds via both index and active managed ETFs.
5. Increase US smaller cap stock exposure, prefer value
After gaining a modest return this year is more than enough for us. We want to spend more time with our family and enjoy life as we coast into retirement.

https://www.sec.gov/Archives/edgar/data/1552947/000158064223006794/superfund_497.htm
497 1 superfund_497.htm 497
Superfund Managed Futures Strategy Fund
(the “Fund”)
Class A SUPRX
Class C SUPFX
Class I SUPIX
a series of Two Roads Shared Trust
Supplement dated December 19, 2023
to the Prospectus and Statement of Additional Information (the “SAI”)
of the Fund each dated March 1, 2023
The Board of Trustees of Two Roads Shared Trust (the “Trust”) has concluded, based upon the recommendation of Superfund Advisors Inc., that it is in the best interests of the Superfund Managed Futures Strategy Fund (the “Fund”) and its shareholders that the Fund be liquidated. Pursuant to a Plan of Liquidation (the “Plan”) approved by the Board of Trustees, the Fund will be liquidated and dissolved on or about March 29, 2024.
The Fund is closed to all new investments as of December 19, 2023. The Fund will no longer pursue its stated investment objective. The Plan provides that the Fund will begin liquidating its portfolio as soon as is reasonable and practicable. On or about the close of business on March 29, 2024, the Fund will distribute pro rata all its assets in cash to its shareholders and all outstanding shares will be redeemed and cancelled.
Prior to March 29, 2024, you may redeem your shares, including reinvested distributions, in accordance with the “How to Redeem Shares” section of the Fund’s Prospectus. Unless your investment in the Fund is through a tax-deferred retirement account, you will recognize gain or loss for federal income tax purposes (and for most state and local income tax purposes) on a redemption of your shares, whether as a result of a redemption that you initiate or upon the final liquidating distribution by the Fund, based on the difference between the amount you receive and your tax basis in your shares. The Fund may make one or more distributions of income and/or net capital gains on or prior to March 29, 2024, in order to eliminate Fund-level taxes. Please refer to the “Tax Status, Dividends and Distributions” section in the Prospectus for general information. You may wish to consult your tax advisor about your particular situation. Plan sponsors or plan administrative agents should notify participants that the Fund is liquidating and should provide information about alternative investment options.
ANY SHAREHOLDERS WHO HAVE NOT REDEEMED OR EXCHANGED THEIR SHARES OF THE FUND PRIOR TO MARCH 29, 2024 WILL HAVE THEIR SHARES AUTOMATICALLY REDEEMED AS OF THAT DATE, AND PROCEEDS WILL BE SENT TO THE ADDRESS OR ACCOUNT OF RECORD.
______________________________________
This Supplement should be read in conjunction with the Fund’s Prospectus and SAI. This Supplement, and the Prospectus and SAI, each dated March 1, 2023, provide relevant information for all shareholders and should be retained for future reference. The Prospectus and the SAI have been filed with the Securities and Exchange Commission and are incorporated by reference. These can be obtained without charge by calling 1-866-866-4848

From
LINK
https://www.barrons.com/magazine?mod=BOL_TOPNAV
FUNDS. In the ETF performance race YTD, #1-ARKK, #2-FBCG, but they got there in very different ways. Also, FBCG is a long-term winner.
FUNDS. HEDGE-funds are suing the SEC over new reporting and disclosure rules for short-selling, swaps and securities-lending. They are arguing that the interrelated nature of these activities makes these rules problematic. Some fund firms (Price/TROW, etc) and university endowments (Harvard, etc) are also complaining about the new rules. New rules may affect how the activists operate – they make the news, but their long-term influence on valuations has been mixed.
FUNDS. Forget cheap small-caps (R2000), the micro-caps are super-cheap. The economy avoiding recession and the Fed cutting rates in 2024 will provide the needed spark as these companies live and breathe in debt. Mentioned are several micro-caps with P/B in the range 0.8-1.9 – AVALX, BRSIX, BRSVX, FRMCX, OBMCX, PVIVX, WAMVX; ETF IWC; included for comparison are R2000 IWM (P/B 1.6), SP500 SPY (P/B 3.6). (P/B is fine for newer companies and most financials; but even Warren Buffett has given up talking about P/B for BRK, although others continue to do so.) (By @LewisBraham at MFO)
EXTRA1, FUNDS. Now BlackRock/BLK has core-plus active ETF BRTR (earlier, multisector BINC). It will be a cousin of its OEF MDHQX / MAHQX (NTF/no-load at Fidelity and Schwab). Vanguard also introduced core VCRB and core-plus VPLS. (Of course, active bond ETFs have been around for years – BOND, FBND, TOTL, etc, so these late entrants are just catching up, but making noises about a new ETF revolution that is in the active equity ETFs, not active bond ETFs.)
EXTRA2, FUNDS. There is always hope that stock-pickers will do better. Several active large-cap OEFs are mentioned – CGWRX, DODGX, HHDVX, HWAAX, LGVAX, MRFOX, OAKLX, OAKMX, SVFAX.
EXTRA3, FUNDS. BREAKING News – Allocation 60-40 has been found alive again, this time by Vanguard. (of course, Vanguard also has a very comprehensive and solid lineup of allocation funds).
RETIREMENT. Fidelity says that 20% of retirees haven’t yet taken their RMDs. Deadline is 12/31/23 (really, 12/29/23 this year) and there are stiff penalties for missing RMDs. They are based on prior yearend balances and some consolidation rules apply. Several firms offer RMD services. Those who don’t need RMDs for expenses may consider QCDs that don’t flow through income.
(EXTRAS from online Friday that didn’t make the weekend paper version)

About half my wife's retirement portfolio is at at TIAA from two different institutions. About 33% is in their "traditional" accounts, or whatever they call them. I moved most of the rest to money markets back in June. But I know that isn't a sensible long-term plan.
We had a chat with a peppy rep back in the spring. Tried to learn from their web site. But, man o man, the whole experience sure makes me feel stupid.
Still a ways off from RMD's.

https://www.sec.gov/Archives/edgar/data/825063/000174177323004048/c497.htm
497 1 c497.htm MS P5 1222
MS P5 12/23
FRANKLIN MUTUAL SERIES FUNDS
SUPPLEMENT DATED DECEMBER 15, 2023
TO THE PROSPECTUS DATED MAY 1, 2023, OF
FRANKLIN MUTUAL FINANCIAL SERVICES FUND (A SERIES OF FRANKLIN MUTUAL SERIES FUNDS)
The Board of Trustees of Franklin Mutual Series Funds recently approved a proposal to reorganize the Franklin Mutual Financial Services Fund (the “Fund”) with and into the Franklin Mutual Global Discovery Fund, each a series of Franklin Mutual Series Funds.
It is anticipated that in the first quarter of 2024, shareholders of the Fund will receive a proxy card and a Combined Prospectus/Proxy Statement requesting their votes on the reorganization. If approved by the Fund’s shareholders, the transaction is currently expected to be completed on or about April 26, 2024, but may be delayed if unforeseen circumstances arise.
Effective at the close of market (1:00 p.m. Pacific time or close of the New York Stock Exchange, whichever is earlier) on or about January 29, 2024, the Fund will be closed to all new investors except as noted below. Existing investors who had an open and funded account on January 29, 2024 can continue to invest in the Fund through exchanges and additional purchases after such date. The following categories of investors may continue to open new accounts in the Fund after the close of market on January 29, 2024: (1) clients of discretionary investment allocation programs where such programs had investments in the Fund prior to the close of market on January 29, 2024; and (2) Employer Sponsored Retirement Plans or benefit plans and their participants where the Fund was available to participants prior to the close of market on January 29, 2024. The Fund will not accept any additional purchases or exchanges after the close of market on or about April 24, 2024. The Fund reserves the right to change this policy at any time.
Please retain this supplement for future reference

@hank- well, Baseball_Fan does make a good point regarding the desirability of having a reasonable amount of secure fixed income for a number of years immediately after retirement. That happened to us- immediately after our retirement the great events of 2009 did a real number on our investments generally. However our SS and pension income allowed us to ride that out without disaster.
We were really lucky, but I do have to say that my spreadsheet planning for some twenty years prior to retirement had included such a scenario. You might remember many exchanges between me and MJG regarding my approach and his vaunted Monte Carlo alternatives.

Already explained the WTF portfolio. If you need less than 3%(2.5% is...I need under 2%) annual withdrawal, then you can do whatever.
Someone who doesn't have enough must take a lot more risk than the above.
I always found better ST trade in bond OEFs and the rest is in MM. MM gives me more flexibility and is easier to trade than CD/TR.
As usual, the red zone DEPENDS. There is a difference between retirement at age 55, 65, or 70.
Never in my life, have I owned a CD or US treasury, as you see at https://fixedincome.fidelity.com/ftgw/fi/FILanding.
From retirement in 2018 to 2022(5 years), I was at 10/90 (stocks/bond OEFs) and did well. In 2023, I'm at 100% bond OEFs doing pretty well. I keep changing my style according to the market. When MM pays over 5%, even 4%, all I need is 3 trades at 2+% to have a great return with very low SD/risk. Owning 2-3 funds makes my life easier.

@Baseball_Fan, there are several recent studies, including by Pfau, that include basic immediate annuities (SPIAs) in the withdrawal mix. So, that is one way to address the SOR risk.
"Rising equity glide path" indeed follows a lower equity exposure around retirement (few years before and after).

Prudential offers this PDF on The Red Zone: https://www.prudential.com/media/system/cda/rrz/downloads/redzone_brochure.pdf
Many refer to The (Investor) Red Zone as the 5 years prior to retirement. Others, like me, refer to it as the 5 years prior to and after retirement.
We had never owned a dedicated bond fund and were always 95%-99% in stocks until entering The Zone pre-retirement. We bought our first allocation and dedicated bond funds when we entered The Zone pre-retirement. If we had it to do all over again, we would have not bought any dedicated bond funds - for us, a waste of time, money and effort. The only bonds we hold now are via three allocation funds with bonds being less than 5% of total portfolio. We do own a 5-yr CP CD ladder in lieu of any individual bonds or dedicated bond funds.
I think there is likely a tendency of many to become TOO conservative in The Zone, but the prevailing theme of it is better to be safe than sorry, though one's choice may be for one and end up resulting in the other.
Pulp Fiction is oft referred to as a cult classic of director Quentin Tarantino.
https://www.imdb.com/title/tt0110912/
Musta seen it at least 15 times by now. Stellar cast offers up stellar performances. One iconic scene after another. Not recommended for the faint of heart.