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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75625  
Subject: Re: New law needed for 401k Date: 10/6/2007 11:35 AM
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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.

rad
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