Americans are reeling from a downshifting economy, dried-up credit markets and a slew of natural disasters. And with many reporting less than $1,000 saved in non-benefit plans, it's no wonder that an increasing number of employees are tapping their 401(k) plans for quick access to cash.
More than half of defined contribution plans experienced an increase in 401(k) loans in the past two years. But is it a wise financial move?
The answer: that depends.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
