The past few years in the market have been phenomenal and the market performance has changed client expectations in regards to what to expect when they retire. What I mean is don’t expect record market returns in perpetuity and remember to manage risk.
The stock market goes down on average once every four years and there is a recession nearly every decade. Manage expectations because this could be a once in a life time bull market and there is no reason to take excessive risk as you are nearing retirement. Follow a traditional asset allocation that shifts towards fixed income as you age and don’t be fully invested in stocks.