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Greetings, Arnie43, and welcome.

<<I am 55 and plan to retire at most in 10 years. I am actually shooting for 7. I have done well in the mutual fund market and have a small stock portfolio that has done OK.

Most of what I have is in the indexed funds and dividend growth. I have heard that the closer you get, the more I should switch to income and bond funds to preserve income.

I also have tax problem since I have very little writeoff and can't hide much.

Any thoughts as to direction to take or just stay the course? Thanks for your help.>>

Conventional wisdom used to hold that philosophy, but it is slowly changing. I tend to agree with Joe Varga's post. You will still need to maintain a strong growth orientation in retirement, and not all the money will be spent on the first day you retire. With 25 or more years in that status and another 10 before you get there, risk in growth vehicles decreases. My philosophy is to stay the course. You have to decide, though, if that fits you and your tolerance for risk.

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