Pissing way your retirement to just make a few more payments is just stupid.
The people doing this are getting horrible financial advice.
If you can’t afford the house on your salary….walk away.
No one wants to hear this sadly.
— QE Infinity (@StealthQE4) July 1, 2024
Hardship withdrawals from 401(k) plans rocket nearly 40% — as savers fight to save their homes
Rising numbers of Americans are making emergency “hardship withdrawals” from their 401(k) plans to avoid eviction or foreclosure, new data reveal.
The data, from investment and retirement giant Vanguard, raise new fears about the looming retirement crisis facing millions—and about just how widespread the current “economic boom” really is.
I think we’re now here in the movie. 👇🏼 pic.twitter.com/CLrrqj5bjM
— Kalani o Māui (@MauiBoyMacro) July 1, 2024
I can’t wait until we get to this part . . . pic.twitter.com/J9UejrEZmn
— Krister Johnson (@johnson_krister) July 1, 2024