What to Do if Your 401(k) Match Is Taken Away
The COVID-19 crisis hasn't just hurt small businesses with a handful of employees; it's impacted larger companies, too. If your employer is experiencing its share of financial woes during the pandemic, it may seek to cut corners wherever possible. In some cases, that could mean cutting back on technology upgrades, equipment, and supplies. Or it could mean eliminating your 401(k) match.
Many employers that sponsor retirement plans match employee contributions to some degree, and as a saver, that's a great way to build retirement wealth and snag free money. So, losing that match could result in a harsh financial blow. Here's what to do if it happens to you.
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Source Fool.com
