I have a different situation by still earning income and now 74 years old. I have not had to take income from my investments and have used the maximum from IRA distributions to fund Roth IRA for wife and I for past 4 years. We have a mostly equity portfolio of mutual funds and individual stocks and a few bonds. My largest mutual fund is OAKBX which has been around 60/40. I expect to formally retire in about 1 year and will need to adjust my asset allocation and start taking 4-5% from investments. We both have regular IRA's (wife is 72) and a taxable account. Any thought on how to approach a major shift in asset allocation for the future?