On today's episode, Ready for Retirement, we're going to discuss how soon before retiring

you should begin to adjust your portfolio. Now, this is one of the most important things

you can know about retirement planning, because if you don't do this soon enough, or in other

words, if you do it too late, your desired retirement date could be wiped out, even if just temporarily

by a major market downturn. On the other hand, if you begin to adjust your portfolio too soon,

you could miss out on substantial growth in your portfolio, which will then impact your

ability to maximize retirement income and live out your ideal retirement. This is why, to state

the obvious, it is crucial that you understand when you should begin making adjustments

to your portfolio. And to take an even bigger step back, what do I mean by adjustments

to your portfolio? I mean, when should you start to allocate the amount of growth investments

to stable investments or growth investments to conservative investments typically thought of as

your mix of stocks to bonds? So that's exactly what we're going to be discussing on today's episode.

This is another episode of Ready for Retirement.

I'm your host, James Cannell, and I'm here to teach you how to get the most of the

life with your money.

And now, on to the episode.

Here's really what this comes down to.

Really what this comes down to isn't how soon should I begin adjusting my portfolio.

It's how do I protect

myself against the stock market decline. Now, that might seem obvious, but when we state it this

way, it's a little bit easier to quantify what that adjustment should look like. And the reason for

that is because with the stock market, we have no idea what's going to happen going forward,

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