Investors traditionally advised to shift from stocks to bonds as they near retirement due to volatility. However, with longer life spans, this old age-based asset allocation may not apply. The approach to subtract age from 100 for stock allocation is now being reconsidered, with new guidelines suggesting subtracting from 110 or 120. Factors to consider include time until retirement, interest rates, and inflation. Meeting with a financial advisor before making decisions is recommended. Additionally, overlooked Social Security strategies could significantly boost retirement income, potentially by $23,760 annually.

Read more at Nasdaq: Saving for Retirement? How to Know When It’s Time to Move Into Bonds