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Having lived through having my 401k shrink by $100k in the early 2000's before I got my act together and took control, I am a bit gun-shy in the current economic environment/panic. I'm thinking of moving everything to cash or near-cash holdings until things calm down.

I am 57, so a relatively short window to retirement but not within 5 years.

What should I consider in this decision? Is there a discussion on this board somewhere that I should find and read (I did a search but if one does not have the right search word....)?

Thanks for your insights or direction to the right place.

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