I hold the following "non-equity":
cash (money market, checking account)
CREF Bond Market
CREF Inflation-Linked Bonds
Vanguard Intermediate Term Investment Grade
Vanguard California Intermediate-Term Tax-Exempt
Cash is roughly 6%, TIPS 12%, Traditional 8%, other bonds 20%; a total of 46%. Add twenty to get my age.
But I have a good pension that provides a base. Of course, I wouldn't think of considering any part of it as a bond (
), but it does allow me to put more into equity and feel comfortable doing so.