The thing with bonds is a guaranteed rate of return. In addition in a worst case scenario, bond holders get some security in the case of bankruptcy, where stocks can suspend dividends.
The thing about retirement is you need a steady stream in income that can be planned for.
God points. Thank you.
That hasn't been my experience. Through the 11 years between when I retired and when I could go on social security at age 62 a couple of years ago, I never had any income that could be planned on. Somehow the value of my financial assets still went up every year. Right now, my social security is my only steady stream of income. As of now, the value of my financial assets has roughly tripled from where it was when I retired.
When I was working, I didn't run out of money on any of the days between paydays, so I figured that needing a steady stream of income wasn't an unshakable rule. Didn't even run out of money those couple of times when I decided to take a summer off from work to take a long road trip, or just to goof off for a summer, working on a landscaping project at my house.