Early access to 401(k) accounts: Not the best option for financially stressed employees
Financially stressed employees may be looking at the pot of money in their 401(k) accounts as a way out of debt. 401(k) plans may, but aren’t required to, allow employees to take hardship distributions or borrow against their plan assets. These probably aren’t the best strategies.
This post is for subscribers only
Already have an account? Sign in.