re: 401K

quote:

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My question is should I look into about taking it out because I know I have it right now and don’t wanna take a chance on losing 50%-75% of it again

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How close to you to retiring? What are your objectives for that money?

IMO, if you are more than 5 years away from retirement and your 401k money is invested appropriate for your objectives and risk tolerance:

DO NOT
React to market swings (most people lose when they think they are gaining; don't time the market)

The money psychology is powerful, but keep in mind that until you need that money, you don't need that money


DO
Stay the course

Keep dollar cost averaging (buy at regular intervals). When the market goes down, you are actually accumulating more shares (cheaper), ~20% more shares has been my experience.

I estimate that my total net worth today is ~15% higher than it otherwise would have been because I did these things 2008-10, in the worst financial market of my lifetime.

Good luck!