401(k) "Hardship" Withdrawals Hit Record High | Personal Finance

1 year ago
142

In this video, I'll discuss retirement savers who withdrew money from a 401(k) plan to cover financial hardships. Learn why 401(k) "hardship" withdrawals hit record high | personal finance

â–¶ PERSONAL CAPITAL
Award-Winning Personal Finance Tools
Click on the link to learn more - https://bit.ly/RBPersonalCapital

â–¶ VIDEO NOTES

401(k) ‘hardship’ withdrawals hit record high, Vanguard says — another sign households feel the pinch of inflation.

The share of retirement savers who withdrew money from a 401(k) plan to cover a financial hardship hit a record high in October, according to data from Vanguard Group.

That dynamic — when coupled with other factors like fast-rising credit card balances and a declining personal savings rate — suggests households are having a tougher time making ends meet amid persistently high inflation and need ready cash, according to financial experts.

Click here to read article - https://www.cnbc.com/2022/12/08/401k-hardship-withdrawals-hit-all-time-high-vanguard-says.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

FINANCE RESOURCES

â–¶ PERSONAL CAPITAL
Award-Winning Personal Finance Tools
Click on the link to learn more - https://bit.ly/RBPersonalCapital

Get Your Retirement Plannerâ„¢ that finds hidden fees. - https://bit.ly/RBRetirementPlanner

â–¶ RC Bullion
Investing in Gold & Silver
Learn more about RC Bullion - https://bit.ly/RBRCBullion

â–¶ GROUNDFLOOR
Real Estate Investing For Everyone
https://bit.ly/RBGroundFloor

â–¶ CHIME
Feel good about your finances.
Learn more about CHIME - https://bit.ly/RBChime

â–¶ ABOUT THE CHANNEL

Ric Bender; Empowering Prosperity :
Exploring trends shaping local and global economies.
Subscribe - https://www.youtube.com/c/RicBender

â–¶ CONNECT WITH ME
Twitter: https://www.twitter.com/ricbender
Website: https://www.ricbender.com
Rumble: https://rumble.com/user/RicBender

â–¶ JOIN MY NEWSLETTER
Email Newsletter: http://eepurl.com/hSKhnT

â–¶ D I S C L A I M E R S + D I S C L O S U R E S
This content is for educational and entertainment purposes only. Please see the about page for a complete disclaimer.

This description contains affiliate links that allow you to find suggested resources. When you purchase items from these affiliate links Ric Bender may receive compensation. Thank you for your support.

â–¶ KEYWORDS

401(k) "Hardship" Withdrawals Hit Record High | Personal Finance,401k, retirement planning, roth ira, Personal Finance, my 401k, my 401 k is dropping, my 401 k keeps losing money, my 401 k is tanking, inflation, 401 k hardship withdrawal, 401k hardship withdrawal proof, 401k hardship withdrawal, economic news, economic collapse, economic ninja channel, jeremiah babe latest, money, high cost of living, 401 k loan, 401k non hardship withdrawal, economic crisis, ric bender, 401(k)

#economy #personalfinance #economiccollapse

â–¶ HASHTAGS

#RicBender #economicnews #economicupdates #useconomy #globaleconomiccollapse
#economiccollapse #housingmarket #foxbusinessnews #cnbcnews #economicupdate #economiccrisis #personalfinance #economicninja #iallegedly #jeremiahbabe #clearvaluetax
#thisisjohnwilliams #minoritymindset #financialeducation #financialliteracy #globaleconomy

Loading 1 comment...