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AARP en Nuevo México, January 6, 2009
Q. My firm is no longer matching my 401(k) contribution. I’m 51. Should I keep saving in the plan?
A. Yes, at your age saving for your future is important. A 401(k) plan carries fewer fees and greater tax advantages than other retirement savings accounts such as an IRA. However, investing in an IRA is a good idea after you’ve maxed out your 401(k) contribution.
Source: Jean Setzfand
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