Author Topic: Combating a Flood of Early 401(k) Withdrawals  (Read 1690 times)


Mr. Frugalwoods

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Re: Combating a Flood of Early 401(k) Withdrawals
« Reply #1 on: October 24, 2014, 07:40:13 PM »
Anecdotally, it sure seems that the job-hopping that is increasingly common is a factor.

 I have a lot of friends that took the cash from their 401k when switching jobs.  They only had 1-2 years of contributions in there, and most of them "needed" it for relocation or other life expenses surrounding a job change.

The article notes that people "donít see the balance as being big enough to matter."  Which also rings true with my cohort of 30 something professional friends.