Benjamin's Blog |
Purveyors of Fine Blogs Since 2009 |
westerbergismyhomeboy asked: Keep the 401K. When the market is down, you're buying stocks cheaper, so that when it goes up, you make more money. While it may take a while to go up and regain your initial investment, but the longer it's down the more you're buying now. You'll want to get out when stocks are up and you're about to retire. If you're not close to 65, there's not reason to pull out.
Thanks! I actually just got out of my 401(k) meeting where they discussed that. Took them two years to explain that fact to us.