ajcjobs > BlogBreak > Archives > 2008 > September > 30 > Entry
Has your 401(k) taken a hit?
The Atlanta Journal-Constitution
With the ongoing meltdown on Wall Street, and the impending federal bailout plan, many employees are seeing their 401(k) earnings decrease in value. On top of high unemployment rates, the housing market collapse, the bank mergers and the gas shortage here in metro Atlanta, it’s just one more thing for local workers to be worried about.
Experts are offering tips on how to manage your 401(k) during a bad economy, but it’s still hard to watch your retirement nest egg dwindle as the stock market takes a nosedive. Find more advice on protecting your finances on ajc.com’s new resource called Your Money.
Has the faltering economy hurt your 401(k)? Will you keep contributing to your employer-sponsored retirement plan during these troubled economic times, or are you waiting until the stock market settles down?
Comments
By Warrior Woman
October 8, 2008 2:44 PM | Link to this
The smartest time to buy stocks is when the market is down. That’s what I’m doing through my 401(k) and other investment vehicles.