Our topic on this episode of the Ready for Retirement podcast is thinking through the question “How soon before retirement should you start to adjust your portfolio?” James discusses the statistical and practical standpoints on this topic to help listeners develop a comprehensive view of this question and its trickle-down effects. By the numbers, there are several things to keep in mind: the data regarding positive returns in the S&P 500, your time until retirement, and ways to diversify your portfolio to protect it from drastic swings based on the market. It is also important to recognize that stocks and bonds complement each other and often have opposite returns trends, so when one goes down the other is likely going up. When it comes to the practical application of these financial principles, James outlines how this might look in a real-life scenario which is worth a listen. To answer the original question, James summarizes his thoughts by marking the 10-year mark as a milestone at which you should consider adjusting your portfolio to make it more conservative and resistant to market fluctuations. LET'S CONNECT!FacebookLinkedInWebsiteENJOY THE SHOW?Don't miss an episode, subscribe via Apple Podcasts, Stitcher, Spotify, or Google PlayHave a question you want answered on a future episode? Submit it hereCreate Your Custom Strategy ⬇️ Get Started Here.