For Every $1 That Goes Into a 401k 40 Cents Comes Right Back Out and It Is Getting Worse
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The post For Every $1 That Goes Into a 401k 40 Cents Comes Right Back Out and It Is Getting Worse appeared first on 24/7 Wall St..
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A $1,900 early 401(k) withdrawal at age 20 costs $168,000 in lost retirement savings due to compound growth, while hardship withdrawals have tripled from 2% pre-pandemic to 6% in 2025 despite a healthy 4% unemployment rate and stable economy.
Quick Read
A $1,900 early 401(k) withdrawal at age 20 costs $168,000 in lost retirement savings due to compound growth, while hardship withdrawals have tripled from 2% pre-pandemic to 6% in 2025 despite a healthy 4% unemployment rate and stable economy.
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