3 Ways to Get Your 401(k) Back on Track

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Retirement isn't going to be easy especially if you have no one to take care of you, with some providers of now a days, they're there to take what they want and say that you have alzeimers that you dont know anybetter. That's why my goal was to work til I dropped, because I can't afford to retire. The company I worked for should have killed me physical because they killed me emotionally when they fired me. I might as well keep on believing I am still a child because ,age to them or anyother doesn't mean that I have any wisdom, besides I can't even afford to think I am old either. The company I worked for has one employee that is 78 or 79 years old, she has been there since the company opened. So it's not that I was kicked out because I was old, I was kicked out because I didn't want to be a rat like them. I can't be different I have old fashion values and I value them because I rather have peace and move on even if I have to suffer. Every company might have different policies yet this one has a mafia that has taken over. I wish there was a policy where noone over 50 plus would be fired. When firing a 50 plus is like dumping them in a hole to die like the nazis buried alive!

Mary of TX 9:38AM October 22, 2009

While the federal limit may be $16,500, many companies impose their own limits so that they can pass the HCE/non-HCE non-discrimination tests. As a result, as an HCE in my company making a little over the HCE threshhold, I can only contribute a max of $10,000 even though I'd love to be able to contribute a little more to make up for recent losses ... but I cannot. Perhaps those federal regs should be relaxed for a brief period of time as a'bailout plan' that would help us fiscally responsible taxpayers. I've sent my suggestion to the President, my Senator, and my House Representative and received a polite 'thank you'.

J. Fritz of NJ 9:07AM June 23, 2009

You suggest that the average worker increase their contribution. Yes the limit is $16,500 with $5,500 catch up for workers over 50. In reality, how many workers can afford to save $16,500 and/or $22,000 of their annual salary??? Answer is, not many, we do have a mortgage to pay and utilities not to mention gas prices. I work with 401(k) plans and their participants, your assumtions are off base for the average worker.

Theresa A Sheehan of VA 2:49PM June 19, 2009