Quote Originally Posted by Pete View Post
It really sucks for those nearing retirement.

They will not have very much time to recover from all the losses.
I would think most super near retirement have only seen a relatively minor dip unless they were not heavily allocated toward bonds like they're "supposed to be". If they were, they really were seeing substantial gains that went against conventional wisdom. (If they're not in bonds yet, that's a problem though).

This is my concern with staying closed beyond May (heck, even throughout May is a bit concerning). At some point, pensions are going to become substantially insolvent, and bonds will also suffer across the board.