I know of some people who have reduced and in some cases stopped their pension contributions recently. Some did so due to external circumstances - job loss, slowdown in business etc. Others did it because the value of the fund had dropped recently. For those in the latter category, have a read of the following article from the Motley Fool / Yahoo! Finance - The Move You're Going to Regret
It's a US-centred article, but the principles apply to Ireland and anywhere else.
Friday, 30 January 2009
Thinking of reducing your pension contributions?
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