Note: This article is part of Morningstar's 2019 Portfolio Tuneup week.
Want to make sure your portfolio's risk level is in line with what you can handle? That's easy--check up on your portfolio's mix of stocks relative to safer assets like bonds and cash. A bad year for bonds, the saying goes, is like a bad day for stocks. So if you want your portfolio to have some insulation against big stock market drops--especially important as retirement approaches--the best way to do that is to get some bonds and/or cash.
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Christine Benz has a position in the following securities mentioned above: TBGVX. Find out about Morningstar’s editorial policies.