What about taxes on those monies when you start to withdraw them, are the tax rates going to higher than they are now?
Let me ask you a question – Do you think taxes will be higher, lower or the same when you retire? If you answered higher, you’re probably correct, and if so, why are you contributing to a plan that you think you’ll be paying more in taxes taking out than you took advantage of putting in? You’ll need to analyze the after-tax amount you’ll receive, these are the funds you get to spend.
How about the return you make on your retirement plan?