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Employer stopped matching 401k (lemmy.ml)

submitted 2 years ago by [email protected] to c/[email protected]

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So, times are tough in the tech world and my company decided that in addition to no bonuses/ stocks for the foreseeable future, they also want to stop matching our 401k contributions.

They say this is temporary, but it's already been 6 months. I'm in my early 30s, so I still have quite some time before retiring. These small differences now will compound in the long run, and I'm starting to think I should look for a new job.

Does my view of these small missed contributions actually being a big deal make sense, or is it something I should wait out?

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[–] [email protected] 1 points 2 years ago

Definitely red flags, best thing is to start looking. Honestly should always be on the ready to make a change, even when things are going well a buy out or any number of things can quickly change the situation. I'd definitely but upset about missing the match especially with that much time to grow, it will be a very large difference at retirement.