Scott Revare was quoted by journalist David Burge in his article Swallow Hard: What To Do If Hard Times Scramble Your Retirement. Speaking of the trend of struggling corporations to suspend their 401(k) matches, Scott says, “Even though they've taken away the match, you still have to save for retirement. “It makes your portion of the contribution all the more important - and the contribution ceilings are higher than those for IRAs.” With regard to how you invest your contributions, it depends on how much time you have before retirement. "The key thing is how much time you have to wait out this market decline," Revare said. "This is obviously a very severe recession we're in now. Over time, in every other situation we've ever had, the market has eventually reached new highs."
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