401 K question

Everybody has tanked in the last three weeks, so don't worry about that. You're about a month too late to move out of stocks (assuming, since you said high risk) IMO. My advice is to keep plugging along, since this is a retirement account and you should be thinking long term. Even if you are in your 40s.

Unless you are retiring this year, look at it as an opportunity to buy low.

$1 in this year is worth ~$80 - $100 when you retire (time value over 40 yrs...depending on % return, of course).

Long-term means no short-term fretting. No need.

Election years are actually good for stocks historically.

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Election years are actually good for stocks historically.

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Which means exactly nothing for future performance.

If the OP is scared of a blip on the radar, then maybe he shouldn't be invested in stocks to begin with. If this was 2008 when the market dropped 50%, then I can see why people would be worried.

I take Buffet's advice to heart and be greedy when people are fearful. The past couple weeks every time there was a significant drop; I put more money in. Whether it was new money or selling bonds, I look at it as a buying opportunity. With at least 15 years to retirement, I don't care what happens in the short term as long as I make my goal in the end.