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    Pat243's Avatar
    Pat243 Posts: 1, Reputation: 1
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    #1

    Feb 12, 2009, 07:21 AM
    Continuing 401K
    I'm (hopefully) a few months away from retirement. Should I still continue to contribute to my 401K given the state of things presently. My company still matches but I obviously don't have the years left to recover losses.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Feb 12, 2009, 07:28 AM

    If the company matches then you should devinitely continue to contribute, as the match is free money. As you near retitrement you should consider modifying your investment strategy to be more conservative than if you are 30-something; investments like bonds and cash equivalents are less risky than stocks, but keep in mind you are also limiting your potential up-side.
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