Posted inMoney

More Americans are yanking money from their 401(k) plans to pay the bills

New York (CNN) — A growing number of cash-strapped Americans are cracking their nest eggs for emergency funds. The number of 401(k) plan participants taking hardship distributions increased by 13% between the second and third quarters, according to an analysis by Bank of America of its clients’ employee benefit programs. That figure now stands at 18,040, the highest […]

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