Strategic Asset Allocation Review for Retirement Planning

Marcus is a 45-year-old financial professional with a moderate risk tolerance, seeking to save for retirement at the age of 65. His current portfolio consists of 60% equities, 30% fixed income, and 10% alternative investments. Based on his risk tolerance, investment horizon, and financial goals, he is considering an adjustment to his strategic asset allocation.

In light of the current market conditions, including rising interest rates and increasing equity market volatility, advise Marcus on how to approach his strategic asset allocation. Discuss the considerations he should take into account when rebalancing his portfolio. Include the rationale behind the recommended changes, potential risks, and the importance of periodic review.