The Next Step For Your 401K

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Market Madness

By Brian Allen

Story Created: Oct 6, 2008 at 9:40 PM CST

Story Updated: Oct 6, 2008 at 9:40 PM CST

Many of you are sweating your 401Kt, wondering if you should do anything different.

KSFY Financial Expert Aaron Maguire tells us, you should review your plan's risk level with your financial advisor, but adds for a certain group of people, falling stock prices will be a good thing because it will lead to a great opportunity to make money. "Under 55 it's a perfect opportunity, it's kind of what I call the perfect storm cause the market keeps going down...well you know what? We're buying more shares every single month. So it's a great opportunity and at the end of the day....10,15 years from now we have a greater number of stocks."

Again, Maguire cautions if your investment plan deals with high risks investments, you may want to switch your plan to moderate risk until this financial storm passes.

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