Don't Push the Panic Button on Your 401(k) Investments

Yes, the markets are swinging hard right now, but don't let your fears drive you to make a rash decision with your 401(k). Consider making these measured moves instead.

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For most people, their 401(k) is their largest investment account, and the stock drop during the last week of February has many folks feeling pretty nervous right about now. We all work hard for our money, so this is a natural reaction. But be careful: If you run scared, by selling off stocks now and moving into cash, you could be positioning yourself to lose money permanently. Remember, people who are patient during short-term dips or market corrections can achieve favorable long-term returns.

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Lisa Brown, CFP®, CIMA®
Partner and Wealth Advisor, CI Brightworth

Lisa Brown, CFP®, CIMA®, is author of "Girl Talk, Money Talk, The Smart Girl's Guide to Money After College” and “Girl Talk, Money Talk II,  Financially Fit and Fabulous in Your 40s and 50s". She is the Practice Area Leader for corporate professionals and executives at wealth management firm CI Brightworth in Atlanta. Advising busy corporate executives on their finances for nearly 20 years has been her passion inside the office. Outside the office she's an avid runner, cyclist and supporter of charitable causes focused on homeless children and their families.