With the recent decline in the economic market, a small percentage of companies are suspending matches of contributions to their employees' 401(k) retirement accounts. Companies have been dropping the match since it is essentially a form of profit-sharing. This could potentially affect your retirement savings.
Remember, even if your company discontinues its 401(k) match, you are still eligible to make contributions of your own. Speak to your company's HR department to check the options and stability of your 401(k) plan.
Read more on planning without employer retirement benefits.
Visit www.FeedthePig.org for more money-saving tips.
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