Monday, December 29, 2008

Company Matches for (401)k Being Suspended

We are seeing more and more company match plans for (401)k plans being eliminated. Fedex was the latest today to eliminate the company matching funds for the retirement funds. Pensions have already come to an end over the past few decades. Now, even company matching funds are coming to an end. Americans must eventually come to realize that they alone are responsible for their well-being and retirement. We will learn that lesson voluntarily, or involuntarily, but we will learn that lesson. Government will not be able to provide it for us!