Mind of a Millionaire Podcast: You’re Employer Stopped 401(k) Matching, Now What?
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Given the circumstances, several employers have halted their 401(k) matching programs. The question that we’ve received is, “shouldn’t I stop contributing if there is no match?” The answer is no. If you’re simply stopping because of the discontinued match, then no, it is not a good idea to stop making contributions to your employer-sponsored retirement program, and here’s why.
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The best time for long-term investors to contribute is during times of high volatility
Save at least 15% of your income
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Thank you for listening. If you have any questions regarding your specific situation, please do not hesitate to contact our office at (303) 261-8015 or visit www.denverwealthmanagement.com.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
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Bonds are subject to marker and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
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