A fund for someone who retired about five years ago has an allocation of around 36% stocks right now. Stocks usually grow more than bonds over time. Since you're already heavy on bonds, I'd suggest staying put. Timing the markets is extremely difficult. There are factors, like tariffs and the stock market being high, that suggest it might be overvalued. However, AI could also boost the economy. Also, more people have access to the market than before. Low-fee investment options have also improved things. Since tax cuts, taxes on stock earnings are lower than on corporate bonds. I can't promise markets won't decline; I'm worried about that myself. But avoiding risk means missing potential growth.