I have always invested aggressively, allocating all of my capital to individual equities and exchange-traded funds (ETFs). I am attempting to determine when, in terms of money market funds, CDs, etc., I should be more cautious as I plan for the future. I am fortunate to have enough money for everyday necessities because I am just starting Social Security and receiving a pension.
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Keep 1 year of expenses in cash, 3-5 years in low-risk bonds or treasuries, and invest the rest based on your risk tolerance. Rebalance annually.
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This has to be adjusted for the projected number of years left in life.
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Why does age matter if you have 3-5 years in low-risk investments and rebalance every year?
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Let’s say your doctor tells you that you have six months to live. Wouldn’t you want to cash out and live like a king during that time? You might not, but that is the logic behind it. 
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Money truly doesn’t matter anything if you are going to die within a year.
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Could you elaborate on that? How exactly would I go about doing that?