Ask the Dolans: Is a 401(k) withdrawal an option to make ends meet?
Click here to ask Ken and Daria your question.
Times are tough -- we know we don't need to tell you that twice. With the down economy squeezing everyone's wallets, many folks are tempted to turn to their 401(k) plan for a loan. In fact, a record number have already dipped into their retirement funds to cover their current bills. Withdrawing from your 401(k) may seem like the perfect answer -- but is it? Let's take a look at your options.
Dear Ken and Daria,
My husband and I both work in the housing market and have been hit hard. Is a 401(k) hardship withdrawal a good option?
Looking for a realistic debt management plan? Ken and Daria have the tools you need to successfully pay off your bills, only at Dolans.com.