If you're nearing retirement, you may be gearing up for some big changes. Those could include downsizing your home, relocating to a different part of the country, and going from working 40 hours a week to not having to work at all.

You may be inclined to make changes in your portfolio as retirement nears as well. And that's a good thing.

You can afford to take on more risk in your IRA or 401(k) plan when retirement is many years away. But as that milestone inches closer, it's a good idea to shift toward more conservative investments, like bonds.

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Source Fool.com