[quote=threadkiller]After posting this, I can now see how it comes off as being like a teenager living @ home and wanting more freedom. Because of the employer match they get to call the shots I guess(along with the government). I’ve heard that some companies are doing away with the match, if that were to happen at our company I would no longer contribute to a 401K, instead I would go to an IRA or ROTH IRA.[/quote]
My employer is one of those crappy ones that eliminated the match on the 401k AND has awful choices. That said, it’s still a good way to set away pre-tax money at a high limit. With the 401k I can contribute $16k/year. With a Roth, only 5k.
While I’m a saver, overall, I’m not sure I would be as disciplined about retirement savings if I didn’t have it done via payroll before I ever see it… and that’s a lot of pre-tax money getting saved.
A few coworkers stopped contributing to their 401ks when the match was eliminated – but I seriously doubt they’ve made up for it with IRAs or Roth IRAs.
My husband’s employer doesn’t have a 401k – we contribute a lot less to his retirement because of the max limits on IRAs. I joke that he better be nice to me – because retirement savings are held individually, rather than jointly. 😉
