401(k) early withdrawals and the impact on savings

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Both 401(k) withdrawals and loans can have big impacts on retirement savings. Stefanie O’Connell Rodriguez, host of Real Simple’s "Money Confidential" podcast, explains the risk and differences.

#news #economy #401k

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You always have to consider that you might not make it to retirement if you are stressed and behind on bills take the money and get that weight off you.

robertbrown

I’ve been thinking a lot lately about my 401(k). The market’s been rough, and I’ve got some unexpected expenses coming up. I’m tempted to take an early withdrawal, but I know that could hurt my savings in the long run.

V.stones

I am 29. All I can do is trying to withdrawal $700. I lost my job and I cant even do this.

leoscar

Hey, remember when pensions existed? That'd be nice so we didn't have to deal with all this fuckery and retire with dignity.

jongo

I did it ....took a I had to. ..no regrets

antoinetbd

Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.

angelahowie

Is the 10% bad cause I need the money I’m stuck in Utah looking for a job to fix my car and go back to Idaho how bad is that 10% cause I need that money

ehjoe

America’s social decay is getting worse. The news people don’t understand this.

ethanddog

Americans are withdrawing their 401K early as a sign of their last 4 years financial hardship and still ongoing, vote for another 4 yrs!

briannegnubu

Recently, I've been thinking of investing in dividend stocks for retirement, and I've set aside $350, 000 to do so. However, I'm getting cold feet, maybe because I'm a beginner with no understanding what I'm doing; please advise.

albertholloway

Amazing videos and thank you for breaking it down!! Despite the economic downturn, I’m so happy I have been earning *$ 60, 000* returns from my $9, 000 investment every 14 days...

bethcushman

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