The ride on Wall Street is wreaking havoc with many people's investments especially retirees. Joseph Leonard http://www.theretirementvault.com/aboutjoe.html is a 401k strategist and author of the Retirement Vault - the Guide to Protecting Your Assets in the Age of Uncertainty http://www.theretirementvault.com/thebook.html. What would your advice be to someone if their retirement money was almost gone or almost all of it was lost at this point? Well not panic first, but they do need to determine how soon they are going to retire. 5 years from now? 10 years from now? Then determine which of these monies are necessity money and which of it is play money.
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