Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Leanne.... It looks to me like your employer is simply going to a "safe harbor" 401k plan. This allows the highly compensated employees to contribute to the maximum allowed by law without penalizing the "rank and file." As long as you continue to contribute 10%, you will have the same amount going into the plan. In fact, you could reduce your contributions and still pick up the same match -- for example, you might consider putting the three percent in a ROTH IRA.

Rick Meigs
www.401khelpcenter.com
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.