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.
All investing includes risk including the possible loss of principal. No strategy assures success or protects against loss.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
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.
The payment of dividends is not guaranteed. Companies may reduce or eliminate the payment of dividends at any given time.