Eight months ago, long before it went into Chapter 11, General Motors stopped matching workers' contributions to 401k retirement plans. Since then, one-fifth of U.S. employers have done likewise or at least reduced the amount of their matches, according to a survey by consulting company Watson Wyatt.
If your employer is one of these, it's time to consider shooting a sacred cow -- by dropping out of the 401k system.
Tuesday, June 9, 2009
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