My company just stopped their 401(k) match. What should I do?More

Dear Pete

My employer just cut our 401k match completely. They used to match 100% of our first 6%, but now they’re contributing absolutely nothing. I keep telling my wife that if they’re not gonna match, we shouldn’t put any money in either. Can you help me to explain why to her?

Darren,

Raleigh, North Carolina

No. But I can help her explain to you why you should not only keep contributing, but you should double your contribution. 

I’m sorry they cut the match, and I’m sure it’s incredibly frustrating for you. Employer matches have been used as carrots to influence employees to save for their future. It’s in everyone’s best interest if you are properly prepared for

Read More At Article Source | Article Attribution