REWahoo
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According to this more people are tapping their 401(k) for cash, mortgaging their future in order to keep up their lifestyle.
Some of the nation's largest retirement plan administrators, such as Great-West Retirement Services and Fidelity Investments, are seeing double-digit spikes in [401(k)] hardship withdrawals and increases in loan requests, a sharp departure from levels that traditionally varied little.
Some of the nation's largest retirement plan administrators, such as Great-West Retirement Services and Fidelity Investments, are seeing double-digit spikes in [401(k)] hardship withdrawals and increases in loan requests, a sharp departure from levels that traditionally varied little.