I'm getting real tired of seeing my 401K on the decline. I need a better way to save for retirement.
Not only do I have a 401K, but I work for an employee owned company, and receive an unspecified number of shares each year though our ESOP program. Unfortunately, I'm not sure I can count on those shares any more than I can count on my 401K.
When we became an employee owned company, they decided to stop matching our 401K contributions, but I'm fairly certain the number of shares we receive is partially based on how much we contribute to our own 401K.
I'm almost positive I cannot withdraw or transfer the company stock unless I leave the company, but think I can possibly do something with the 401K.
Anyone with any real knowledge have any suggestions?