Just looked at my 401k again and I'm down almost $30,000 since last fall. My employer matches a certain percentage of what I contribute and I was going above and beyond that but I've since dropped it down to what the company match is. Our plan also allows us to switch where our money goes and I've since moved mine to a plan that puts more of my money into bonds and less in stocks, I'll switch it back when/if the market goes back up. fingers crossed.