[01100011]

Wouldn't a prudent retiree have exited the market and experienced gains in their bond backed portfolio?

Right now we're fueling a tsunami of moral hazard which will eventually bite us in the ass anyway. We're just prolonging the inevitable and making the crash even worse when it finally appears.

[vkou]

Investment orthodoxy recommends having ~50% stocks if you are retiring at 65, and are planning on living past 80. Cash/bonds lose value too fast.

As for punting the problem back, no, that does not follow as a required consequence of QE.