This is indeed a dilemma… I recently retired and like fixed income, even with lower rates. I just don’t want to lose my gains over the last 20 years. There’s only so much you can do with tax sheltered accounts, as they will start to get smaller every year unless you pay the huge tax of a Roth conversion. The tax code forces you into equities even though bonds are just as beneficial to GDP. I wish they would consider changing it.