401k/402f cash in or continue to struggle

Question

My 401k from previous employer is now a 402f. It's value is dropping each quarter. I think I am in a position of hardship, with starting over at my new job, a lot less money, would it make any sense at all to cash it in, pay off all my debt, and start saving again, when I can?

Answer 1

Do not cash out. You will miss out the upswing in stock prices.