Tag Archives | 401(k) match
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My 401(k) Match Just Got Axed. Now What?

It’s another sad reflection of the coronavirus pandemic gripping our nation. Your employer has just axed the matching contribution to your 401(k) retirement plan. For the average employee that’s a loss of over $4,000 per year. What to do now? Here’s answers to your most common questions: What’s a typical 401(k) match, and how does it work? […]

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Quote Of The Week: Americans Leaving $24 Billion In Retirement Funds On The Table

“American workers forfeit an estimated $24 billion a year by not contributing enough money to their company 401(k) plans to capture their employer’s full matching contribution.” Mary Beth Franklin, Investment News, “Help investors plug the $24 billion retirement savings leak,” May 12, 2015 Yes, that’s $24 billion with a “B.” And some of that money […]

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401k match

Lack Of A Match Keeping You Out Of Your 401(k)? Unfortunately, The Biggest Loser Is You.

Just yesterday, I was having a conversation with a friend I went to school with many years ago. The conversation turned to kids, and he said his twenty-something daughter – justifiably proud to have landed her first professional job – was not participating in her company’s 401(k) because there was “no match.” Sadly, I must hear […]

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