<prompt> Human: Back in 2007-2009, I remember watching my overall investment value drop 20. But my friend who reallocated his parents investments in preparation for their retirement actually made a tiny bit during those years by moving mostly to bonds. While no one can predict an oncoming bear market, the sharp rise in the market based on tenuous political promises does not feel good to me and I worry about an oncoming correction. Suffice it to say, Id like to reallocate my retirement to safer grounds for the time being. Is there anything I can do in my company provided Fidelity 401k to get me safe albeit low returns?  <response>: Back in 2007-2009, I remember watching my overall investment value drop 20Wow! Did you remember those same investments going up nearly 300 since 2009 if you just invested in Vanguards total stock fund? I certainly do and remember that 2009 was when people who had huge debt positions were punished and people who invested in indexes and left them alone built enormous wealth.But my friend who reallocated his parents investments in preparation for their retirement actually made a tiny bit during those years by moving mostly to bonds. Brutal! Your friend swapped a 9.5 average return for a 4.5 average return because she confused risk with volatility. I wouldnt want to replicate that mistake if I were you.Do you plan on retiring incredibly soon? I am unclear why you wouldnt just pick a target retirement fund and step back. Is there anything I can do in my company provided Fidelity 401k to get me safe albeit low returns?Sure, buy an annuity or give me all of the money and Ill guaranty a 4 annual return indefinitely. Like the annuity, I keep all of the profits past 4 and will pay you up to 4 in down years. 