Thanks for all the replies.
93% equity and you're worried about bond drama? Something doesn't add up.
Perhaps the term "drama" was a poor choice of words.
What "doesn't add up" is that I feel comfortable with a high equities allocation and maybe others don't. The main purpose of my question was to see if others had gotten out of bonds into a fixed option.
Hijacking my own thread here - I'm a projected 15 years from retirement. I've been/am heavily weighted towards equities on purpose, as I was/am willing to accept the risk of such a portfolio this far from retirement. I am making a concerted effort to significantly increase my bond allocation. 35% of new monies each year are now allocated to "Retirement 2025" funds, 17% of new monies are invested in bond funds, and I am DCA another 4% of my portfolio from a S&P 500 fund to a "Retirement 2025" fund. I feel like the above plan will move me significantly towards
a more traditional 60% equities/40% bond portfolio in 12 or so years. (Then again, if equities go a large bull market run, I would need to move much more aggressively towards my bond allocation to get anywhere near a 60/40 split. That would be a nice problem to have.)
I am definitely in the minority here, as at age 60 and retired, I have never really had a bond allocation, and for income now I use my own "bond like" dividend paying stocks to generate the income I need.
One of the things for you to think about has to do with whether you will have any other pensions to supplement your SS, or if you will be living 100% off your retirement plan + SS only. You see, part of the reason I could go 100% equities on the risk scale is that my pensions + SS already give me almost an 80% fixed income allocation, so that way I could concentrate on getting the absolute (theoretically) total return from 100% equities (as it is well know that bonds do not increase your return in the long term.)
As far as the fixed income, you haven't really said what it is made of, if it is not a bond, is it some kind of annuity - what are the details of this investment.
There have been many other threads here on the dangers of bond funds going forward in the next decade and this does have me a bit worried for you, loading up on them right now. One way to lengthen the glide path would be to use a longer term TDF like a 2030 or 2035 fund. It's totally up to the risk you think you can take going into retirement.
I love simulated data. It turns the impossible into the possible! Remember - Past performance is great for buying a dishwasher, but not so great for picking stocks or actively managed mutual funds!