401K is going down…down…down…
I checked my 401K online and so far this year, I am down 10.7%! Yikes! What is really killing me is the company stock that they provide as my match, which is now down over 63%. I usually move everything out of it during my rebalancing, but it still builds up. My other funds are International down 5.8%, Institutional Index down 4.6%, Large Cap Growth down 0.2% and Intermediate Term Bond is up1.3%.
I did give some thought to stopping my 401K for the moment to have some extra money to build my emergency fund and pay off some stuff, but hated the thought of missing the match and so forth. I know some people would just consider not doing the 401k unthinkable, and part of me agrees, but in certain cases I think you can justify it.