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Ghilarducci warned the market volatility poses serious risks for 401(k) and individual retirement accounts (IRAs). ... markets and retirement accounts if the debt fight — or, worse, a default ...
Then, go back and maximize tax-advantaged retirement accounts, either the 401(k) or retirement accounts such as an individual retirement account (IRA) or Roth IRA.
Dipping into your 401(k) should be your last resort. I’m 42 years old, $97,000 deep in debt and have multiple maxed-out credit cards — my only lifeline is my 401(k) from which I can take cash ...
A hardship withdrawal allows the owner of a 401(k) plan or a similar retirement plan — such as a 403(b) — to withdraw money from the account to meet a dire financial need.
For workers who hold credit card debt, which is more likely to lead to a secure future: diverting what would’ve been their retirement plan contribution and paying off that debt instead or making ...
The Internal Revenue Service (IRS) ruled that employees at an unnamed company can designate a portion of their employer match to student debt repayments or health reimbursement accounts, in ...
Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday. Click here to ask Ken and Daria your question. When money is tight, it can be tough deciding ...
Key takeaways. You could be facing a debt problem if over 15 percent of your monthly gross income goes towards paying your non-mortgage debts. Relying on credit to pay for everyday expenses ...