If you're looking at your 401(k) balance, remember

[disneysteve]

having some equities is actually less risky than all bonds

This is such a very important point and speaks to what I said earlier about a whole generation that has largely avoided stocks, and retirees who avoid them as well. It is actually safer to have at least some stocks than to not have them at all. It doesn't matter if you're 25 or 55 or 75. Stocks should be part of your portfolio.

[Like2Plan]

Corn,
I love those illustrations that you provided.

[LivingAlmostLarge]

I think we're about 80/20. Never saw the point of 100% stocks even when young. The volatility doesn't make up for the extra less than 1% interest. I'm still all in same positions. I'll rebalance end of year.

That being said don't forget that some people also keep working an extremely long time. My dad is "working" at 88. Sigh. He would probably make more money retiring instead of spending it but I guess for some people the idea of retirement is daunting.

[TexasHusker]

everyone still long and strong I hope?

[greenskeeper]

everyone still long and strong I hope?

Yes sir. I'm about 30 years away form retirement so this downturn means nothing to me, except for the dollar cost averaging over the long term.

[corn18]

everyone still long and strong I hope?

Will have to rebalance, but staying the course.

Texas, if you were me and had $500k of after tax dollars coming in by May of next year, what would you do with it?

[LivingAlmostLarge]

I'd buy real estate

[TexasHusker]

Will have to rebalance, but staying the course.

Texas, if you were me and had $500k of after tax dollars coming in by May of next year, what would you do with it?

Well, that's a mighty chunk of cash so there probably isn't one answer. It really depends upon your life stage and goals.