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Why I Caved And Altered My Retirement Portfolio

It’s hard to believe the U.S. is headed for a robust economic recovery.

These are uncertain times.

These are uncertain times.

Photographer: Eva Blanco/iStockphoto

I recently did what most financial advice forbids: I stuck my hand in my retirement portfolio and backed out of some stocks.

Earlier this month, I stared at my long-term portfolio, got spooked by the 81% that sat in equities and dialed that figure back to a more moderate 60%. I also tripled the fixed income portion of my portfolio to 27%.