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Seems like you are on top of it then. Many investors aren’t aware of that.

Retiring in 1.5 years, I was equities 100% and went to cash just as the market started degrading, so I was lucky to have 3 straight years of big gains prior to that on a nice chunk.

Going to have to look into multiple sources of bonds and stable equities with good dividends, for my income/bond portfolio. Top rated corporate bonds, hopefully will give a little bit more of a yield.

Thanks. Sounds like you have a plan too. I'm about 5 years from retiring. I don't move out of equities often. But I was out for 2019 and early 2020 until I saw the S&P 500 drop 30+% in a couple of months. I had intended to stay out of each equity fund until it dropped 50% (in which case I'd go back into that one fund) or until the S&P 500 dropped 40%, or until the aggregate of all of 36 of my equity funds (spread out across many asset classes) when down 40%. That's because I was looking for a slow drawdown of 40+% like the last major ones (early 2000-late 2002 and late 2007-early 2009). But when Jan to Mar 2020 looked more like a rapid drop of 30% like 1987 (which had a nice rebound after that), I jumped back into all equities in the 1st week of March. That's because I was 7 years from retiring back then.

This time when I go back in I'll be 75% equity funds and 25% safe funds (evenly spread out in short term and long term capital bonds funds, short term and long term treasury funds, municipal bonds, and money markets). And I'll stay in that portfolio, withdrawing 4% per year when retired, with all of the withdrawal coming from the one or two funds that happen to have the highest balances at the time (selling high). I may or may not get out of equities again in retirement if we're in another ultra high Shiller PE environment of an old bull market.