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Web Extra: Why You Should Be Adding to Your 401(k)

Tuesday, 20 Jan 2009 | 10:16 PM ET
OTM Web Extra
CNBC's Carmen Wong Ulrich helps viewers manage their personal finances in this On the Money Web Extra.

After as stark a market loss as Tuesday's, it's hard to forget about our 401(k)s hemmohraging money. More than $1 trillion in 401(k) wealth has been wiped out so far, and President Obama has said he will allow limited penalty-free withdrawals to people looking to stem the pain.

But is withdrawing now the right move? Watch the web-exclusive video below to find out why you should be using this time to add to your retirement savings, not take away from it.



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