Do you think i should take my money out of my 401K an put it into my savings account, im loosing $ right now?
As others have already written, you should not (and probably cannot) take the money out of your 401k plan because you will have to pay a penalty and also pay income taxes on the money. The good news is that you have an alternative. You are not required to invest the money in your 401k in stocks or bonds or mutual funds. If you want, you can sell all your investments and keep the money in cash (while still in the 401k). Depending on the firm managing the 401k, you can probably invest the money in a money market fund, which is not likely to lose any money, or possibly even invest the money in a Certificate of Deposit, which is guaranteed not to lose money (up to a limit). Keep in mind that just because you have already lost money doesn’t mean that you will continue to lose money. If you were going to sell your investments you should have done it a year ago. It is probably now too late, and selling now might be a mistake. Money market funds and CDs are pretty safe, but the interest rates
