This might be a good time to review the role bonds play in a retirement savings strategy and look at your own portfolio to make sure it contains an appropriate amount of bonds or other fixed-income investments for your needs.
Some investors misunderstand the value of bonds.
Adding long-term stability Bonds can serve as a buffer, or stabilizing factor, against the potential downturns of the stock market. Bonds and other fixed-income instruments provide a counterbalance when combined with stocks, as they typically fluctuate less than and at different times than stocks. Bonds are generally exposed to less risk than equity investments. As a tradeoff for their safety, bonds generally provide lower returns than stocks. Generally, the longer you have until retirement, the smaller the amount of bonds in your portfolio because you have time to ride out the market's fluctuations.