News Article

401(k) breaches undermining retirement security for millions

Via washingtonpost.com » Submitted On Tue, 01/15/2013 - 11:46am by John F Trent

A large and growing share of American workers are tapping their retirement savings accounts for non-retirement needs, raising broad questions about the effectiveness of one of the most important savings vehicles for old age. More than one in four American workers with 401(k) and other retirement savings accounts use them to pay current expenses, new data show.

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