1) I like the Schwab article
a lot better than the T. Rowe Price
article, which veers off into suggestions of "Higher-Yielding Sectors" aka riskier sectors without much discussion of why you would want to take more risk in on the bond side rather than either a) accepting lower return, or b) just increasing your stock allocation.
2) I love confirmation bias as much as the next guy, but we must, of course, recognize that all mutual fund companies have a direct interest in convincing investors not to sell their mutual funds. Their interests may be somewhat aligned with investors' interest--but not perfectly. What you will not find in any
of these pieces from brokerages or advisors is a thoughtful analysis of bond funds compared with (directly purchased, non-brokered) bank CDs. I personally am staying the course in Total Bond, believing that I can just wait out the volatility, but the time has come to say that it looks like, when the dust settles that will probably turn out to have been suboptimal. But hardly ruinous. More like, I could have gotten similar results without having to "wait out the volatility." (Just like Kevin M and others were saying).
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.