bond investments

hello group, i'm new here and dont know if i am at the right adress. '
If not could someone advise me then please?
I have a small retirement savings plan, which is all i have for my old age;
currently it is wordt about 100.000 dollars most of which comes from Bond
investments through Fidelity Investments. In 6 1/2 years I will be 65 and
this will not be augmented by any other retirement plans.just social
security...
The statements are all garbledeegook to me and I could use some advise as to
what to do about this retirement plan to make it grow more. I am also
concerned how secure this is; if the stockmarket dives down do i risk
loosing lots?

thanks for your time
leslie

Re: bond investments

comment 1- have you figured out how much money you NEED to save?
$100,000 "isn't much", but if you don't need much to live on, maybe it
will be enough.

comment 2- why retire at age 65? If you choose to work longer (even if
part time), you will need to save less because you will be earning a
wage. If you have debts, this would give you longer to pay them off
prior to retirement as well.

comment 3- you have a investments of 100% bonds. I have investments of
100% stocks. How did you make your decision to invest in the mutual
fund you did, and are you open to changing your mind on this? I would
concentrate most of your time on this point. You can research a
significant amount of this online.

in recent reading, a few points I have seen worth considering-
#1 way to have more money saved is increase saings rate. This is the
percentage of income you save. If you put 5% (of your income-gross
pay) into retirement plan, increase this to 10% or 15%. If saving 15%
already, increase this to 20%. Whatever you are currently saving, save
more.
#2 way to save money is to let it grow "over time". Giving money 10
more years to grow, should increase how much your account is worth.
Those 10 years will also enable two other points- you will not need to
withdraw money (because you are working) and you will be able to
contribute more money to the account.
#3 set expectations for what the money will enable you to accomplish.
If your costs in retirement (food, clothing, utilities) are $20,000 per
year. You will run out of money in 5 years (for example). If your
expectation is such that SS will give you $12,000 per year (a guess,
for example), then your savings will need to supplement the other
$8,000 and your savings would last longer for what you NEED it for.