Pros and cons of taking money out of a 401(K) for cash-strapped households

May 19, 2022

There are many reasons why families might find themselves struggling to make ends meet, with today’s soaring inflation being just one of the possibilities. So for those families that prioritized saving for the future by funding a 401K, it may seem like a good source of emergency funding. Here are a few things to keep in mind if you find yourself in that situation:

To hear all of the insights I shared with Mark Roper of WMAR 2 News in Baltimore, watch the full interview here.

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