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Hewitt Associates
High anxiety for 401(k) investors
High anxiety for 401(k) investors

Like many Americans, Steve Kriegsfeld has been watching his life savings bounce up and down each time the stock market takes a dramatic turn. Lately, it's the drops that have grabbed his attention. In just one day last week, the Dow Jones industrial average plunged 465 points before partially recovering. It is down nearly 6% since Jan. 1. "Does it concern me when it goes down? Yes," said Kriegsfeld, a 61-year-old Phoenix resident who started stashing away money for retirement when he was in his 30s. The insurance agent makes it clear he is not "ready to jump out the window" when his portfolio takes a hit. But he pays close attention.His nest egg has grown...

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