As retirement approaches, the margin for error narrows. What helped build wealth may no longer be appropriate once income replaces accumulation, and poorly managed risk at this stage can have lasting consequences. 

In this episode, the discussion centers on how portfolio structure should evolve before and after retirement. The conversation explores the impact of market downturns at the wrong time, the importance of rebalancing, the risks of concentrated positions, and why relying on past performance can create blind spots. It also highlights practical frameworks like gradual allocation shifts and the use of structured investment buckets to support income needs. 

This episode is intended as a perspective on how thoughtful planning, disciplined adjustments, and risk awareness can shape a more stable retirement strategy.