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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Everyday Economy

Take the retirement quiz

Kiplinger.com often posts quizzes as a way to provide information about a range of financial subjects. It's an engaging and interactive way to pick up information about topics from investing to tax deductions.

Today there's a quiz up about retirement, which opens with this question:

Your 401(k) balance took a big hit in 2008's market meltdown, but you're more than ten years away from retirement. You should:

A - Stop contributing to your retirement plan

B - Transfer all  your money to cash

C - Defer investment decisions until the market rebounds

D - None of the above

You can take the whole quiz -- which ranges from relatively simple stuff to some details you may not know -- here.

And here's the answer to the question above: D

Despite the market turbulence, now is not the time to stop investing. In fact, you may want to contribute even more to your retirement account if you can. Your regular contributions will buy more shares at lower prices, putting you in a better position to build wealth when the market rebounds. If you remain on the sidelines, you may miss out on the market bounce.

It may take a little chutzpah to invest more in this climate. Have you increased your investments with an eye on the "market bounce"?



Shawn Vestal
Shawn Vestal joined The Spokesman-Review in 1999. He currently is a columnist for the City Desk.

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