Jill on Money with Jill Schlesinger Options After Losing Retirement Match
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Mar 13, 2026 Elizabeth, a caller who works where the company cut its retirement match, seeks practical next steps. They talk about whether to keep contributing to the 403(b). They discuss shifting to Roth contributions, emergency funds, mortgage and insurance checks. They also cover exploring job options and how to prioritize savings after the match disappeared.
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Caller Story Of A Sudden 9% Match Cut
- Elizabeth shared her employer cut the 9% dollar-for-dollar retirement match to zero.
- She is 36, switched her 403(b) to Roth this year, and had counted on the generous match when choosing the job.
Keep Contributing Despite Losing Match
- Do keep contributing to your retirement plan even if the employer match is gone.
- Jill says Elizabeth should continue maxing her 403(b) because it allows more Roth conversions and long-term tax-advantaged growth than an IRA backdoor option.
Couple's Retirement Balances And Saving Habits
- Elizabeth and her husband both max out retirement; combined balances near $850,000.
- She has $235,400 in her plan, he has $375,000 in 401(k) plus brokerage and Roth balances.