No. of Recommendations: 1
I still think at least those who are closer to the retirement age (let's say 55), should not have to wait one year before they can contribute .

Why should age have anything to do with it ? I don't think we should penalize a 25 year old because a 55 year old is closer to retirement. The 25 year old who saves won't have much of a concern at 55.

When you negotiate to accept a new job, do you ever ask about making an exception to the wait ? I worked for an organization that had a 6 month wait(they had a very geneerous match) and when I returned to that organization a few years later, I did negotiate to skip the waiting period.

Consider that there are people who don't have a 401K as a work benefit. it is a benefit and not a right.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.