What is a bond tent or rising equity glidepath in early retirement?

A bond tent is a strategy where you temporarily raise your bond allocation in the years right around your retirement date, then gradually spend it down and let your stock percentage rise again. The shape on a chart looks like a tent: bonds build up, peak near the retirement transition, then taper off. The logic targets sequence-of-returns risk — your portfolio is most fragile in the first decade, so a thicker bond cushion lets you avoid selling stocks into an early crash. As that danger window passes, you draw down the bonds and your equity share climbs back up, which improves long-term growth for the decades that follow. It's a more nuanced alternative to holding a fixed stock/bond split the whole way. The trade-off is added complexity and rebalancing discipline.