I stopped completely saving in my 401 after bamey was elected....why even do it?....I do believe that ultimately they’ll tax or index it.....instead, working on just paying bills...mostly the house....
I did too and then I left the company and cashed out the 401(k). I chat with my former co-workers occasionally. One of them told me that he ended up $900 less than what he started at the beginning of 2011. So all of his contributions plus the companies contributions were for naught.
He would have been better off to have paid down debt directly.