I have $5K still in equities. Everything else in cash, bonds and bond funds. Gave back almost 17% before completing that move several days ago. Since then, gained back almost 3%. These are very uncertain times - who knows how far south this will all go and what recovery will look like both in scope and time frame. I am not optimistic. I am very thankful that we don't need that money to meet our relatively modest (and getting even more modest) living expenses. As others have correctly said, it would be tough to have to sell now to have $$$ to live on.