Why Raiding Your 401(k) Is a Mistake
Jamie Patrick Hopkins
Tapping into your 401(k) plan for a loan or a distribution should be considered only as a last resort for consumers who are short on cash.
Faced with long-term unemployment or an emergency, some consumers turn to taking out a loan or a distribution from their 401(k) if they lack enough savings.
Chang, Ellen, "Why Raiding Your 401(k) Is a Mistake" (2015). In the News. 686.