Community Corner
Patch Asks: What To Do About My 401(k)?
Recent bad days on Wall Street scare people who are worried about their futures.
Small investors and those with 401(k)s, watched nervously Monday as the Dow Jones Industrial Average plunged 634.76 points, a 5.5 percent drop and the sixth-worst point decline in Dow history.
The selloff came in the first day of trading since Standard and Poor's U.S. credit downgrade to AA+ from the top-level ranking of AAA.
Financial advisors say the “market correction” was inevitable and cautioned those who would cash in on their 401(k)s, saying that long-term investors might do well to weather the storm.
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But, what do you think? What will you do differently with your investments or 401(k)?
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