Oct 2009
1
While many Americans have valid reasons for raiding their 401(k) during their working years, these early withdrawals can have dire consequences in retirement. Fees and penalties for early distributions can further eat away at your retirement account balance. About 15 percent of 401(k) participants spend some of their nest egg before they’re ready to leave the workforce, according to new Government Accountability Office report. The study identifies 3 major ways money leaks out of 401(k)s before retirement and how much each one affects your financial security.
http://finance.yahoo.com/focus-retirement/article/107865/3-ways-cash-leaks-out-of-your-401k.html?mod=fidelity-buildingwealth
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