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I have not retired yet and haven't reached even the minimum retirement age yet(but I'm getting closer) Almost everything I have (which isn't enough) is in stocks. I have maybe 5% in bonds.
2 weeks ago I fell at home because I am innately clumsy and broke a couple of vertebra in my lower back. I am about out of sick time so I am going back to work tomorrow and hopefully will do ok.
Suddenly I don't feel comfortable with having darn near everything I own in stocks. What if I had to retire without benefits tomorrow and the stock market crashed at the same time? How would I finish paying off my house? Do you think I should put enough in short term bonds or cash to at least pay off the house should something happen? As it is, I am 7-9 years from retirement and would like the house paid for when I retire. Or am I just over reacting?
Thanks for your time.
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