When I was young, and had no intention of spending my retirement savings for many many years, I mostly just stayed the course. Now retirement is less than a year away I've become much more conservative. I have created two virtual buckets. One for the next 1-9 years. One for beyond that. I'll stay the course in my 9 years and beyond bucket. By then I'll hopefully be collecting SS so should be able to afford to be more aggressive again.
After a 9 year bull run, I think it is reasonable be to be more concerned than usual about sequence of return risks when I start withdrawing.
If I had enough money to not be concerned about future growth, I'd probably get out of the stock market. But I know I might need future growth, so am leaving some in. If it does "correct" I'll probably put more back in. If it keeps going up - Fine.
My 1-9 year virtual bucket is mostly in cash like things. My 9+ year bucket is about 60/40.
Frankly this is a horrible time to retire. Interest rates are below inflation rates. Stocks are almost certainly due for a hit at some point. It is crazy out there. But, probably it has always been crazy