Monday, November 9, 2020

401(k) withdrawals lower than expected amid pandemic

401(k) withdrawals lower than expected amid pandemic

Retirement plan providers say most households have not taken advantage of a provision passed by Congress to ease the withdrawal of money from retirement accounts to cope with the coronavirus crisis. Lower-income workers who are more likely to need funds have no 401(k) plans, economists say.

Full Story: The Wall Street Journal (tiered subscription model) (11/5) 


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