More than 25 percent of Americans are dipping into 401(k) retirement accounts to pay bills, according to a recent report.I suppose it's an alternative to the government finding some way of taking it from them...
U.S. workers are tapping into nearly a quarter of the $293 billion placed into their retirement savings each year to pay for mortgages, credit cards and other debts, according to a report from financial advisory firm HelloWallet. Those in their 40s are the most frequent raiders, with about one-third using their 401(k)s to pay current bills.
Other studies bear out those results. Vanguard, an investment-management group, said American workers withdrawing money from 401(k)s or taking out loans against their accounts jumped 12 percent since 2008.
Monday, March 18, 2013
Raiders Of The Lost Funds
People seem to be worried about paying their bills: