Near retirement wrote:1. Before I stop working, would it be prudent to apply for a home equity line on my home? I currently do not have one.
I suppose it can't hurt, and could be good in an emergency, but if you have a need to borrow it suggests you don't have adequate savings.
Near retirement wrote:2. Another option I have contemplated is selling my home (and my condo which is on the market... No debt on it) and either buying an RV for a couple years of travel extensively and then buy a smaller home with no yard maintenance. I currently have over an acre to maintain.
Counting home equity in net worth risks a decline in home equity (this is of course true for any asset, but especially for a single large asset). I'd think it less risky to reposition your holdings before retirement
Near retirement wrote:3. I currently have an asset allocation of 45/55 with a tilt toward SV. I am concerned about my bond percentage in this environment. Would it be advisable to stay the course, or make an adjustment in AA toward equity exposure?
Stocks are riskier than bonds. A rise in rates and the associated decline in bond values is good for the long-term investor - there's a temporary decline in value, but higher yield soon makes it up and thereafter returns are higher.
Near retirement wrote:4. The main reason I continue to work is for health insurance coverage. I am ~5 years from Medicare eligibility. From my research, it appears that I would need to plan in ~$500/month for insurance if I retired now, and closer to $300 once 65 years old. Are there any insights into health care options others' might have?
Check pricing and coverage under the Affordable Care Act (aka Obamacare)