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For Americans Shocked by Inflation, Argentines Have Some Advice

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Early Withdrawal From Your 401(k)

It is only natural to worry about the financial pressures brought on by retirement, and for many, the 401(k) plan can seem like a godsend. The employer-sponsored plan helps workers by allowing them to defer income to their retirement account on a pre-tax basis, often while enjoying an employer match in the bargain. Small wonder, then, that as of June 30, 2021, 38% of American financial assets were comprised of $10.4 trillion of retirement assets in defined contribution plans such as the 401(k).

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