I recently retired. In addition to my pension, which is a state pension, I have been saving money to supplement my retirement years. All of my savings are with a large investment company. Even though my investments are now conservative and fairly low-risk, none of it is guaranteed, e.g., having savings in CDs in the bank. I'm wondering since investments are not guaranteed, if I should be moving some of my money into a "safer" place, e.g., CDs? I feel fairly comfortable with my investment advisor's recommendations and advice, but have a friend who keeps telling me if the market keeps declining I'm risking losing everything. I just don't know who to ask for advice about this and would appreciate hearing what you have to say.