What can investors learn from the Cramer meltdown?

My comment on CNBC that it should give investors more "in Bogle we trust" and less "in Cramer we trust" precipitated a Cramer tirade. It made great TV, but prevented a rational discussion of important issues. Here are some questions and answers intended to reduce the heat and shed some light on those issues:

Q. Should employees continue to invest in their 401(k) plans?

A. If your employer is matching your contributions, you should consider contributing the minimum necessary to get the maximum match. However, this is not a no-brainer. Most plans are laden with porky-pig fees and a confusing array of expensive, underperforming mutual funds. As a result, employees are only getting a fraction of the returns they deserve. And you will be taxed at your marginal tax rate at the time of distribution. No one knows what that rate will be.