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For Americans Shocked by Inflation, Argentines Have Some Advice



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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