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Fin Plan Feb 2013 - "401(k) News and Strategies"

Fin Plan Feb 2013 - "401(k) News and Strategies"

Fin Plan Feb 2013 - "401(k) News and Strategies"

Excerpt


401(k) News and Strategies


Many employees who save for retirement through an employer plan have ravaged their accounts in recent years. In fact, it’s the more mature workers – age 40 to 49 – who represent the largest group making withdrawals from their 401(k) plans. Among them, about half admit they’ve used these taxable withdrawals to pay current bills and debt; more than 12 percent say they’ve used 401(k) funds to pay for housing, according to a report on HelloWallet, an online financial guidance service.


 



 


 



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