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URL:  http://boards.fool.com/im-already-contribute-ira-investing-5000year-25969928.aspx

Subject:  Re: New law needed for 401k Date:  10/6/2007  11:31 AM
Author:  aj485 Number:  59444 of 80383

I'm already contribute IRA investing ($5000/year) .

That's a good start. Are you also investing money that you could be investing in the 401(k) ($15,500/yr) in taxable accounts?

I think in terms of incentive the companies can use other methods to keep their employees . 401k is a government approved tax deferred program that government has implemented for people to have incentive to invest for their retirement and I don't think the companies should use it as a tool to take advantage against their employees . I can understand if they don't want to match any money for new employees for certain period of time that would be their right , But in this case we are talking about allowing an employee to contribute .

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