Ask the Piggy Bank: What Should I Do With My 401(k)?

Jennifer Hoffman over at My Organized Biz is once again prodding me. This time with a question about the 401(k). When it comes to retirement plans, even in times of economic downturn, the main advice it “don’t panic.”
Many people, in times like this, violate the main rule of investing: “buy low, sell high.” Instead, they freak out and sell low. A measured and calm approach to your 401(k) — and other retirement plans — is what is needed.
First, look at your allocation and compare it to your goals. You may need to do some shifting around, but in general if …read more