Tuesday, April 28, 2009

401(k) Matches Dwindle

What happens when your employer reduces your 401(k) match? Well, not a lot, except that you are not building your retirement fund as quickly as before.

It also might be time to look at the funds set aside and determine if staying in the market is the best choice, or whether going another investment direction makes more sense.

Drops in the market have been one reason why investors have moved some or all of their 401(k) monies over to self-directed IRAs and invested in income-producing commercial/investment properties. Another is this latest trend of companies reducing or eliminating the matching funds.

So what's happening with your accounts?