How the Crash Hit 401(k) Investors - WSJ.com

By TOM LAURICELLA During the worst of last year's stock-market declines, most investors nearing retirement stayed true to advice warning against responding to short-term ups and downs: They didn't make changes to their 401(k) accounts. Those who did react became more defensive and scaled back on stocks. Which group was right? Was it those who stuck with a buy-and-hold plan focused on long-term results or the minority of investors who tried to protect their nest eggs? Read More: How the Crash Hit 401(k) Investors - WSJ.com