I'm about to retire and plan to withdraw 3% of my portfolio to fund my lifestyle - should the record-high stock market make me nervous?

As investors age, particularly nearing retirement, their approach to the stock market often shifts. A Redditor in the Chubby FIRE subreddit expresses concern about their financial future despite having a manageable withdrawal rate of 3.3%. They are contemplating whether to sell some stocks from their 60% stock and 40% fixed income allocation due to elevated market valuations. Experts suggest that rather than liquidating all stocks, understanding individual risk tolerance and assessing the portfolio's specifics can help navigate decision-making. Consulting with financial advisors is recommended.

When managing investments approaching retirement, it's crucial to understand your risk tolerance; adjusting your portfolio wisely based on this understanding can help mitigate risk.

The Redditor's investment allocation plays a significant role in determining their course of action; they should assess their 60% stock allocation to decide the best path forward.

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