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Should you still be contributing to your 401(k) during these uncertain times?
In the current economic climate, many companies are cutting jobs and/or benefits such as company match 401(k) plans. If your company has suspended retirement benefits and company matches, should you continue to contributing? While contributing to your retirement savings is important, but you’ll want to carefully assess your own financial situation. One of the things you should be looking at is why the company cut the match and its overall financial health. In James Royal’s article appearing on www.bankrate.com explains what to do if you lose your 401(k) employer match and if contributions to your 401(k) during these uncertain times really does make sense for you. Read Mr. Royal’s article here…
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