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Hardship withdrawals from 401(k)s reach 'concerning' all-time high, Vanguard says

Por: MarketWatch Business December 02, 2022

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That’s a “concerning” all-time high, said Vanguard, the retirement-savings and asset-management heavyweight, offering a view that stretches back to 2004. For comparison, 0.3% of accounts had hardship withdrawals last October, and during October 2020, the share was 0.2%, Vanguard’s data showed. In October 2019, it was 0.4%, it said. At the same time, Vanguard’s numbers show that 401(k) loans and nonhardship withdrawals are also... + full article



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