Thank god I am not retired or close to it! I really feel for those that are! A 40% or more loss in savings, when you are doing all the "right" things that everyone advises?
Ugh! I know two people who were about to retire at the end of this year, and now they have re-thought their plans, and will probably stay working for another year or two. At the moment, what DH and I have are "unrealized" losses, so we aren't doing anything about it--on paper only.
But how long before those losses turn around and start being gains again?
It's scary out there now!