Comments on: What to Do If Your Employer Cuts Its 401(k) Match Benefit http://www.moneyunder30.com/what-to-do-if-your-employer-cuts-its-401k-match-benefit Personal Finance for the Young and Ambitious Fri, 19 Mar 2010 04:18:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Money Under 30 http://www.moneyunder30.com/what-to-do-if-your-employer-cuts-its-401k-match-benefit/comment-page-1#comment-1861 Money Under 30 Fri, 19 Dec 2008 15:07:35 +0000 http://www.moneyunder30.com/?p=856#comment-1861 Well, maybe I shouldn't have written about this. It just happened at my employer. I upped my contributions to make up for it and a little bit more. Joe, if you'll be in a lower tax bracket at retirement, stick with the 401k. Roth's really pay off if you are making less now and expect to be in a higher bracket in retirement because distributions in retirement are tax-free. Also, if you make more than $95k single or $150k married you can't do a Roth. Well, maybe I shouldn’t have written about this. It just happened at my employer. I upped my contributions to make up for it and a little bit more.

Joe, if you’ll be in a lower tax bracket at retirement, stick with the 401k. Roth’s really pay off if you are making less now and expect to be in a higher bracket in retirement because distributions in retirement are tax-free. Also, if you make more than $95k single or $150k married you can’t do a Roth.

]]> By: Joe http://www.moneyunder30.com/what-to-do-if-your-employer-cuts-its-401k-match-benefit/comment-page-1#comment-1862 Joe Wed, 03 Dec 2008 17:57:57 +0000 http://www.moneyunder30.com/?p=856#comment-1862 My employer stop their matching effective January 1, 2009. Should I put money in a Roth IRA or continue contributing to my employer plan. I will be in a lower tax rate in retirement. My employer stop their matching effective January 1, 2009. Should I put money in a Roth IRA or continue contributing to my employer plan. I will be in a lower tax rate in retirement.

]]> By: Kara http://www.moneyunder30.com/what-to-do-if-your-employer-cuts-its-401k-match-benefit/comment-page-1#comment-1863 Kara Wed, 19 Nov 2008 21:13:56 +0000 http://www.moneyunder30.com/?p=856#comment-1863 My employer cut their 50% match effective July 1, 2008. I stopped contributing at that time since my husband and I are currently focusing on getting out of debt (one car loan and one installment loan) first. If my employer were to bring back the match, though, I would probably start up with contributions again. My employer cut their 50% match effective July 1, 2008. I stopped contributing at that time since my husband and I are currently focusing on getting out of debt (one car loan and one installment loan) first. If my employer were to bring back the match, though, I would probably start up with contributions again.

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