Dozens of companies no longer contribute to employee 401 (k) retirement plans, but that does not mean you should stop chipping into your retirement account.
If you are tempted to cutback, read these six things to keep in mind, from TheStreet.com . I won’t give it all away, other than to say keep your eyes on the prize and don’t forget the tax benefits.
February 24th, 2009 at 1:00 pm
Even without the match, I think it’s a good idea to continue contributing to the retirement plan.
I wish I could contribute more. That’s the problem with voluntary 401k plans — those with less income contribute even less of a percentage of that income to the plan, and they’re that much worse off for retirement.
Like we’ll ever be able to do that. Look for me outside the Wal-Mart in the blue vest.