Brett Arends’s ROI: A psychologist’s 5 steps to stop panicking about your 401(k)

In the fall of 2008, when global stock markets were imploding, I happened to be in New York. I switched on the TV in my hotel room and saw financial commentator Suze Orman on Larry King Live. She took calls from the public.

One went something like this:

Caller: Do you think the stock market is going to fall further?

Orman:…