Last week MSN Money ran an article titled “5 reasons not to contribute to your 401k”. Point number 2 is: Your employer doesn’t match contributions. This is, in my opinion, a stupid reason not to contribute for your own retirement. A 401k account is one of the easiest ways to save for your retirement. All of the money you save for yourself is contributed in whole, pre-tax dollars. Saving pre-tax dollars will not reduce your spendable income by the same amount; it will be a lesser amount. Saving after-tax dollars simply takes more out of pocket to equal the same as pre-tax dollars.

You should look at an employer match as nothing more than icing on the cake, free money, or any other euphemism you so choose.. Do not use this as an excuse to stop saving for your own retirement.

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