It turns out that my new company doesn’t offer a 401(k) plan. This was a little alarming. I can’t really think of a reason why a company wouldn’t offer one. My last company of 20 employees did. It didn’t match any of my contributions, but at least I could defer my taxes.
So it got me wondering, how much does this impact me? SmartMoney.com comes to the rescue with this article and calculator. Using it, I found that my old 401(k) plan was worth $6,613. It’s going to be disappointing to lose my 401(k) and the forced savings, but I still think I’m going to do fine.