Beware of Cashing Out Your 401(k)

From the April 2014 Benefits eNews

For many, cashing out a 401(k) is a relatively easy way to solve a short-term cash crunch, whether it’s due to temporary cash-flow problems created by an emergency home repair or simply paying down a credit card. Liquidating your 401(k) may not seem like a big deal, but the consequences of cashing out can be devastating to the average investor. Read More…

Topics:
401(k) Fidelity Netbenefits website