I have my Roth IRA and HSA accounts in bonds. When I started these accounts, the logic was to be able to access the contributions at any time without penalty. Thus, acting like a backup to an emergency fund. Well, I now have about 18 months expenses in my EF. More important, I came across advice that tax-free accounts like Roths and HSAs should be in equities since growth will not be taxed. I really should have these funds in riskier/more rewarding investments than bonds. So...should I make the move? I'm about 10-13 years away from FI.
Second, my allocation is 80/20. If I move my Roth/HSA to equities, then I need to rebalance to get back to 80/20. The plan is to rebalance in my 401K. Should I lower my 401K contribution to equities and put more money into bonds until I reach 80/20? Or just sell equities in my 401K to buy bonds and reach 80/20 immediately?