If there is some uncertainty in the investor’s financial situation we would probably advise a degree of caution, at least until the uncertainty is resolved. Financial uncertainty may require a liquidation of some assets before the timeframe of the goal is reached. This calls for a reduction in volatility, which means a reduction of emphasis on equities.
Uncertainty can be due to personal circumstances such as a loss of income, from either a change in job or a job loss. Uncertainty could also be due to exposure to an unforeseen expense, such as a medical problem or a major repair to the investor’s home.