Browsing Tag
401(k) Loans
49 posts
4 in 10 Taking Early 401(k) Withdrawals; 2 in 3 Not Paying it Back
New FinanceBuzz survey finds “record” number of people taking early withdrawals with the average amount being about $15,000
Custodia Financial Introduces Insurance Product for Retirement Loan Protection
Custodia Financial's product would protect participant's loan payments if they become unemployed
401(k) Loans: Debunking the Myths
Research reveals an evolved perspective and approach to retirement loans.
401(k) Loans Grow as Participants Struggle with Emergency Savings
The number of participants taking 401(k) loans has increased across all age groups so far in 2023, reports T. Rowe Price
401(k) Loan Activity Among Younger Workers Rises with Age
The study by EBRI and ICI found that 29% of younger 401(k) participants had an outstanding loan at some point in the five years analyzed, compared with 18% at year-end 2016
Gen Z 401(k) Balances Spike in Past Year, Fidelity Data Shows
Fidelity Q2 analysis reveals average retirement account balances for 401(k)s, 403(b)s and IRAs all increased by double digits and “401(k) millionaire” ranks swell, thanks to steady contributions and positive market conditions
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
401(k) Gender Savings Gap Still Large, But Smaller for Younger Participants
Bank of America finds that while men’s average account balance exceeds women by 50%, women in younger generations are closing the gap
5 Notable Participant Behaviors Identified in T. Rowe Price 401(k) Report
While participants have largely stayed the course amid inflation and market volatility, there are some interesting traits from report released today
BoA ‘401(k) Participant Pulse’ Report to Track Participant Confidence
The new reports from BoA will track 401(k) plan participant confidence to assess what trends are impacting retirement planning and financial wellness