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It's 'More Expensive to Live,' and Workers Are Tapping 401(k)s for Help – DNyuz

Published: May 28, 2023

More Americans are raiding their retirement accounts as the cost of living climbs, and experts predict that the number of

Source: dnyuz.com

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United StatesNew YorkFiona GreigMark ScharfCraig ReidLawrence Delva GonzalezSarah HonsingerSid PaillaSteve ParrishKirsten Hunter PetersonAshley PatrickCongress DoRevenue ServiceUs Bureau Of Economic AnalysisSunny Day FundMarsh Mclennan AgencyAmerican College Of Financial ServicesNew York TimesMore AmericansNew York CityInternal RevenueRetirement IncomeAmerican CollegeNeighborhood Finance GuyHaitian American

401(k) Hardship Withdrawals Tick Up as Inflation Stays High

Published: May 27, 2023

Retirement plan administrators are noting an uptick in hardship withdrawals. But taking that money out can harm your future financial security.

Source: nytimes.com

Related Topics:

United StatesNew YorkSarah HonsingerSteve ParrishMark ScharfSid PaillaCraig ReidLawrence Delva GonzalezKirsten Hunter PetersonFiona GreigAshley PatrickAmerican College Of Financial ServicesMarsh Mclennan AgencySunny Day FundUs Bureau Of Economic AnalysisRevenue ServiceCongress DoMore AmericansNew York CityInternal RevenueRetirement IncomeAmerican CollegeNeighborhood Finance GuyHaitian AmericanSocial Security