With the Dow's big drop Monday, some people are concerned about their retirement savings plans.

Financial advisers are encouraging people to look closely at their 401k statements. They say your 401k retirement statement will not only tell you how much money you have tied up in stocks and bonds, but where most of your assets are allocated and whether or not those investments are too aggressively invested.

Headlines like the "Wall Street Crisis" and the "Government's Bailout" have lead to lowering stocks. The market is down to its lowest levels on record.

“I think they're leaving one heck of a mess for the incoming president whoever it will be,” said Nancy Hauser.

The only thing rallying — fears about 401k retirement savings.

“I'm having a lot of concerns because it's shrinking, and I don't want to work forever,” said Rebecca Hauser.

“Yes, it's been a very volatile time; it's been a very volatile year,” said Wayne Peterson of TCU Investments.

As the Dow dips, people wonder if their money is really safe. The short answer is yes; but there is a caveat.

“For those especially who are about to retire, my honest opinion for them is that they may need to look at working a couple of more years,” Peterson said.

“The bottom line is you should always monitor your investments,” said Steve Carlock of Complete Financial Solutions.

Carlock says despite the climate of today's markets, it's not time to hit the panic button yet.

“For those people who have the patience to ride this out, they will come out of this as usual in a very good fashion,” Carlock said.

Advisers say one factor in protecting retirement savings is taking a closer look at your investment portfolio.

“If you have all of your eggs in one basket, it's very risky,” Peterson said. “Especially if it's in one individual stock.”

“Review that portfolio, and make sure it is well diversified in several different asset classes,” Carlock said.

“There have been some difficult times,” added Peterson. “America has recovered before, I think we’ll recover again.”

A 777 point drop is a big deal, however, Monday’s decline does not rank in the top 10 largest percentage drops. That record — with a 20 percent decrease — occurred in 1987, according to the Wall Street Journal and financial advisers we talked to.

Those advisers also recommend checking your statement for the one-, three-, and five-year track forecast and other investment options that are available.

Diversifying is definitely important — one company’s shares fell 60 percent in one day, and that affected a lot of people who had their investments tied up with that one company's stock.