A married couple, ages 55 and 52, with no children, are both employed at DEF Corporation. They have asked for an evaluation of their current portfolio. They have a combined annual income of $200,000 per year and a fully paid home worth $500,000. Their current portfolio shows:$50,000 Common Stock of DEF Corp in a 401K account
$100,000 Large Cap Growth Fund
$150,000 Government Bond Fund
$150,000 Corporate Bond Fund
$200,000 Money Market Fund
Both intend to retire in 20 years and are conservative investors, looking for moderate growth and moderate risk. Which of the following recommendations is BEST for this couple?

A. The current portfolio allocation is consistent with their stated investment objective and risk-tolerance level
B. The portfolio should be reallocated based on their stated investment objective, reducing the cash and bond percentage by 50% and using the proceeds to buy a small or mid-cap growth mutual fund
C. The portfolio is overweighted in fixed income securities, which should be completely liquidated and the proceeds used to buy aggressive growth stocks
D. The current portfolio allocation overexposes the couple to stock-specific risk if the fortunes of DEF Corp. decline in the future