Barry Glassman | Source | Founder & President at Glassman Wealth Services

Reevaluate what kind of advice you need and what firm or person you want to work with to give you that advice.

The challenge today is that I'm getting a sense that more people are less worried about the down side than worrying about missing out on the gains that exist.

You need to know what is in your bond fund, unless it is an index or the title is really specific and the manager follows it, like intermediate municipal bond. You need to take the extra step and monitor the mandate of the manager. Whatever they have done in the past three years can completely change, and they have a brand new portfolio tomorrow.