Will your Employer Eliminate Its 401(k) Match?
Retirement savers already reeling from catastrophic stock market losses can add a new worry to their sleepless nights: losing their employer's 401(k) match. General Motors employees saving for retirement will no longer receive a match for retirement dollars tucked into their 401(k)'s. And many retirement experts say that other companies are likely to suspend 401(k) matches as the financial crisis exerts pressure on their bottom lines.
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