As many employees reach their 50s, they are planning for retirement in the next decade or even sooner, but many are woefully underfunded in their 401(k) or IRA.

Investors who are more cautious and want to avoid the volatility that often occurs in the stock market are seeking lower risk investments such as bonds, gold or cash.

Finding the right balance to ensure you have saved enough money for retirement, which could include higher costs for health care and travel, is often painstaking as the longevity has increased for many people.

Here are ten simple, clear and straightforward steps to rebalance your holdings, so you have the right mix of stocks, bonds and cash in the later stages of your career.

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