All who own stocks and bonds are seeing a downturn in the value of those investments. Understand that this loss in value does not become a true loss in value unless you sell it. It only becomes a true loss in value if you cash in some of those devalued stocks and bonds. Follow me on this...if you have lost 30% in value and your original value was $100 dollars, the shares are now only worth $70, yet the number of shares you own is the same. Jump forward a year after you sold your stocks and the same investments are now back to $100, but you only have $70 to buy back into the market. Your loss is real...
Historically, the American stock market has NEVER stayed low, it has always come back and then exceeded its original values. I am 72 now and I have been through many of these drops in market value, but I have always held tight and waited until the market comes back up. It always has and I have never lost any value from these drops in market conditions...if the market never came back, our country would be destitute and all investments, including gold, silver, and our actual cash would become worthless, or at least hold very little value...
So, I say, hold tight and wait it out. Unless of course you rely on selling your stocks and bonds for month to month living expenses. Something you should never do...even in retirement...but that's a completely different story...