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Publisher: BenefitsPRO
Troubling 401(k) trend: Raiding retirement savings with hardship withdrawals | BenefitsPRO
Despite consistent contribution levels, many participants have been increasingly tapping their retirement savings - and avoiding foreclosure and paying medical expenses were given as the top two reasons, says Fidelity.Despite consistent contribution levels, many participants have been increasingly tapping their retirement savings - and avoiding foreclosure and paying medical expenses were given as the top two reasons, says Fidelity. -
Publisher: 401(k) Specialist
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Retirement savings are up, but so are 401(k) loans. What to do? To provide a more holistic look at confidence around financial preparedness, a new report examines engagement across Health Saving Accounts (HSAs) and overall feelings of financial welln...Retirement savings are up, but so are 401(k) loans. What to do? To provide a more holistic look at confidence around financial preparedness, a new report examines engagement across Health Saving Accounts (HSAs) and overall feelings of financial welln... -
Publisher: IRS
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More people may be asking to take money out of their retirement plans because of the current economy. Here are the Do’s and Don’ts of Hardship DistributionsMore people may be asking to take money out of their retirement plans because of the current economy. Here are the Do’s and Don’ts of Hardship Distributions
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