Browsing Tag
early 401(k) withdrawals
10 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
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
Education Costs Leading Reason Young Investors Dip Into Retirement Savings
E*TRADE from Morgan Stanley Study finds Millennial and Gen Z investors cite education costs as one of the top barriers to retirement
Only 1 in 4 Americans ‘Very’ Confident of a Comfortable Retirement
New Transamerica Center for Retirement Studies report explores how demographic influences profoundly affect a worker's ability to achieve a financially secure retirement
$1 Billion Flies from Delta 401(k) in Pandemic-Related Early Withdrawals
Airline responds by ramping up financial coaching for employees suffering hardships
Women Cut Back on Raiding Retirement Funds Early
Despite the CARES Act making it easier to do so in 2020, female investors are actually less likely…
Pandemic Forcing 29% of 401(k) Participants to Ponder Early Withdrawals
A pandemic-high 29% of 401(k) plan participants are now planning to withdraw early from their account to pay…
What We Learned About 401(k) Participant Behavior Amid COVID-19 and the CARES Act
Vanguard’s latest analysis of defined contribution (DC) recordkeeping data from January through September 2020 suggests that, while there…
5 Developing Threats to Retirement Security
The COVID-19 pandemic, economic crises and other issues have intensified longer-term threats to retirement security, including record levels…
Childcare Emerges as Major Retirement Savings Barrier for Parents Amid Pandemic
It’s hard being a parent, and it can be especially hard on your retirement planning when you throw…