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Two economists at the Federal Reserve Board in Washington wrote a paper this year that suggests households could save roughly 20 percent - or about $275 per year - of their overall interest costs if they opted to borrow money from their 401(k) plans... Full Article at The State
Related Articles
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WASHINGTON - Increasing participation in 401(k) plans through automatic enrollment may leave some workers with too little savings for retirement, the Government Accountability Office said. Full Article at Cincinnati Enquirer
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I heard from a family the other day that wondered about taking a loan out of its 401(k) -- or maybe a hardship withdrawal. Did somebody lose a job? Was it hard to pay the mortgage? The car note? No. Full Article at GoErie.com
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Things are looking up for 401(k) plan members. In large part it's because members helped themselves while the market turned to quicksand in 2008 and early this year. Full Article at Investor's Business Daily
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I recently heard from a family that wondered about taking a loan out of the 401(k) — or maybe a hardship withdrawal. Did somebody lose a job? Was it hard to pay the mortgage? The car note? No. Full Article at TampaBay.com | St. Petersburg Times
Related Quotes
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These were never meant to be more than supplemental plans, and the recession has decimated too many accounts
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You had millions of people nearing retirement who were in a panic
SOURCE: ABC News -
If there is a takeaway for plan participants, it's that even having had the worse equity market since 1931, if people stayed consistent they still end up doing fairly well
SOURCE: The Clarion-Ledger
