Meh
My portfolio manager advised doing it so I went with it.
I'm years behind my pay-in anyways because a company I worked for 10 years ago didn't 401k match and the company I quit recently kept jerking our chains with up and down pay plans so my yearly pay-in was low.

Unless your financial manager is a feduciary (which is a specific granted title, if they waffle about "well everybody is" theyre not) then theyre likely paid on commission and not looking out for your best interest as a first motivation. Just a warning.

Yeah echo the sentiment here.

You're essentially selling low on stocks and buying bonds on a high. This is going to last a month, two, three, maybe more? When the inflection happens you are going to feel super salty as your bond prices are going to fall back to normal and your prior stock positions recover.

I'd rather have cash than bonds right now. Gives more flexibility to invest if the market gets even worse which could happen and you won't exactly be earning stellar returns from bonds anyway. Most importantly though, if you can't handle losses in the stock market when there is a downturn you should just avoid it where possible (obviously excluding pension) and stick to fixed rate bank savings. Not everyone has the risk appetite for this and there is nothing wrong with that.

ooff size mega