May I ask you a question, Tak? There is someone on A2K who will periodically (not often) ask me a personal finance question (e-mail). The reason why is too complicated to go into. I respond, but always with the disclaimer that I am not and do not want to be responsible for dispensing advice. The question today went something like this: "I have an IRA run by (bank). How do I know how much it is worth?"
I don't have an IRA or a 401-K, but I am thinking that you probably get a quarterly statement that might look like this:
Beginning Balance (market value)
+ Interest/Dividends earned
+/- Increase/(Decrease) in market value
= Ending Balance.
Am I close? And are withdrawals tax exempt was the other question.
My advice, by the way, was try not to panic. Let things settle out.