The Perils of 401(k) Loans

With the media bantering phrases like “economic crisis” and “worst since the Great Depression” everyday, it wouldn’t be surprising if you felt somewhat anxious. Still, staying the course (provided you’re on a good one in the first place), is the best path for most people to achieve their long-term retirement goals.

It’s easy to be an aggressive investor during a bull market. When things are not going well for your portfolio, remember why you own the investments you do; specifically, how you originally selected your asset allocation and individual securities. Remind yourself of the benefits of dollar cost averaging. These strategies, along with periodic rebalancing, should still make a lot of sense. Hang in there!