My 401(K) Is Hurting A Bit, I Think

[Shortstop]

I'll cash it out (minus the 20%) and let it ride on ?????

[Chi_archie]

just don't look at it for 5 years....

[dlew2k]

I'll cash it out (minus the 20%) and let it ride on ?????

better odds hitting the Eagles -4 this weekend at-105 then waiting for wall street to rescue the economy...imho

[Chi_archie]

if you are only down 20% you're doing ok...

[Boner_18]

Yeah 20% ain't bad. Buy whatever plan sponsored fund is based on yield. If you are no longer working for the company roll it over into an IRA and get some high yield equities that have plenty of cash on the balance sheet. This is assuming you have a long time horizon to retire... Think twice about taking the penalty to cash out. Retiring is all about staying the course.

[pavyracer]

Cash it out and put it all on Celtics not winning the NBA finals this year.

[The General]

I am guessing I'll die before I see any retirement. Maybe one of the kids or the Cook will hit it big and let me quit working. Keep the faith.

[djefferis]

20% is nothing, markets are off 40%+...just be smart, keep a good chunk in cash and keep a portfolio thats diversified and focused in holdings of good quality stocks and you will be fine. Today's 40% loss is just setting up tommorows 40% bounce back up...if your only down 20% and play it right, your be looking a a positive 20% or more when things correct. Just stay away from casino/gaming stocks as a primary holding for now...nothing wrong with dipping your toes into some of these losers, but no way would I have more than 2-5% in a soft spot in the market.

Buy something with a solid dividend and set back and enjoy the security.

[The Seer]

put it on the az cards at home