In the second quarter, 11.1% of 401(k) savers who actively participate in their plan took out loans, the highest level in 10 years, according to Fidelity's study of 11 million participants in 17,000 workplace plans.
As people dip into their savings, it we be harder for many to retire. They will have to continue to work well past normal retirement age or settle for a more austere retirement. Do you think this will have a beneficial effect on Social Security?
More 401(k) savers take loans, withdrawals - MarketWatch
As people dip into their savings, it we be harder for many to retire. They will have to continue to work well past normal retirement age or settle for a more austere retirement. Do you think this will have a beneficial effect on Social Security?
More 401(k) savers take loans, withdrawals - MarketWatch