Some say yes. Others say no. Many agree that is all depends on the situation. When it comes to borrowing from your retirement accounts it really comes down to each individual situation to determine if it is a wise move or a step in the wrong direction. Here we look at the pros and cons [...]
While retirement may be years away for some individuals, it hasn’t stopped them from worrying about their contributions. As more people are living paycheck to paycheck, many are finding they are not able to contribute the maximum to their 401k and other retirement accounts. New research shows that 70% of Americans plan to keep working [...]
With the staggering number of job loss over the last few years, there has been a rise in withdrawals of people’s 401k retirement accounts. Individuals who experienced a financial crisis when their job was gone have turned to their retirement savings to make ends meet, without really understanding the implications of their actions. In fact, [...]
Due to the recent drop n 401k balances thanks to a shaky market, many people are wondering when and how they can take money from their retirement account in order to keep it safe or because they need to use it to pay back debts. Whatever the reason you have in mind when it comes [...]
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