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Hardship distributions are on the rise. The economy may be to blame.
The economy may be to blame. New report from Bank of America finds Q3 hardship distributions from retirement plans rise 13% from Q2, and 27% more since Q1 Published: Nov. 7, 2023 at 8:02 a.m. ET ... Read More
401(k) Hardship Withdrawals on the Rise - MSN
A record 4.8% of 401(k) account holders took hardship withdrawals last year, up from 3.6% in 2023, according to a report from Vanguard which examined data from nearly 5 million people. Read More
401 (k) hardship withdrawals are surging as high inflation squeezes Americans - Fox Business
More Americans are making hardship withdrawals from their 401(k) ... This material may not be published, broadcast, ... Hardship withdrawals on the rise as more Americans tap retirement savings. Read More
401 (k) hardship withdrawals on the upswing as inflation squeezes consumers - Fox Business
Hardship withdrawals allow workers to tap their 401(k) for an "immediate and heavy financial need." CREDIT CARD DEBT RISING IN DOUBLE-EDGED SWORD FOR THE ECONOMY A stack of retirement account ... Read More
Loans and hardship withdrawals from 401(k)s on the rise
Loans and hardship withdrawals from 401(k)s on the rise The portion of savers taking money from their retirement accounts for hardships spiked 24% in the 12 months through Sept. 30. NOV 23, 2022 ... Read More
Americans are pulling money out of their 401 (k) plans at an alarming rate - CNN
More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday. The number of people who made a hardship withdrawal during the ... Read More
Americans are pulling money out of their 401(k) plans at an alarming rate
More Americans are tapping their 401(k) accounts because of financial distress, according to Bank of America data released Tuesday. The number of people who made a hardship withdrawal during the ... Read More
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