This sounds pretty reasonable and smart to me given your age. You don't have the luxury of letting the market rebound before retirement. I'm all for moving towards safer assets as you're nearing and after retirement.My portfolio I have SCHD which is heavy into collecting dividends as part of it's strategy. My other holdings are more based on appreciation. All of my holdings are in an IRA. SCHD has not lost appreciation or income during Trump's term so far. Those dividends just keep rolling in. I am thinking of buying other income based ETFs, and moving out of my funds that try and match S&P 500, etc. I am thinking this is smart to lean on income rather than price appreciation since Trump keeps roiling the markets and making them volatile.