Don fields listener questions on asset allocation, advisor timing, and investing complexity with his usual bias toward simplicity and self-awareness. He emphasizes that the decision to add bonds isn’t about age but about emotional tolerance for loss, shares his own shift to a more conservative 55/45 portfolio, dismisses futures markets as largely speculative noise for most investors, and advises a listener nearing retirement that while there’s no urgency to hire an advisor, the value of planning—especially around taxes and income strategy—becomes increasingly important in the early 60s. 0:04 Thunderstorm intro and Q&A format setup 1:37 100% stock portfolio—when (and how) to add bonds 5:47 Don’s personal portfolio breakdown and evolution 10:25 Futures markets explained (and why to ignore them) 13:00 When to hire a financial advisor approaching retirement Learn more about your ad choices. Visit megaphone.fm/adchoices