Typhoon Imagine if your life plan was to retire this month and live off your 401k
Someone who has an imminent retirement would be ill advised to be taking risks with their Investments. Ideally at that stage of the game they would only have very low risk holdings that are diversified.
this is especially true since the DJIA went up about 33% between 2022 and 2025.
Of course they could be holding oil and gas stocks which are doing well ( for disclosure that is all I own presently) 2 that I have held for over 5 years and bought a couple others when talks of a "war" with Iran was in it's very early stages. I will continue to keep my 2 long term holds as they pay a nice dividend and I have written covered calls on them both which provides me with a nice premium since volatility is high ....this will buffer any down drafts.
I have stop loss orders on them all and if my 2 longer holds hit my sell targets which is about 13% above current I will sell.
outside of that hold no equities or binds , just holding cash in a high yield ( which isn't ver high yield) account.