Saving with 6abc: Dealing with 401k jitters

June 24, 2013

If you checked your 401k over the weekend and considered pulling your investments out of the game because of the rocky ride Wall Street's been on, financial experts say take a breath and think twice.

1. Do Not Sell in a Panic: Advisors say it's smarter to stay the course and that fleeing the market now is one of the last things you should do.

2. Read Between The Headlines: Many retirement accounts are invested in a mix of assets based on your age, which means that the effects on your portfolio may look different from the headlines.

3. Be in it for the Long Haul: Experts say daily market fluctuations, even those as drastic as Thursday's plunge, will ultimately be overshadowed by long-term market gains. The Dow, S&P 500 and NASDAQ may be down now, but they are all still up more than 10% from last year.

4. Remember the big picture: They say 401k investors who continually invested over the last 10 years saw their average account balances grow by about 17%.

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