Monday, May 08, 2006
NASD Warns Against Cashing Out Of 401(k)s
The NASD has issued an alert on its website warning that cashing out even a small fraction of a 401(k) investment account could be detrimental to one's retirement savings. The alert, entitled "Think Twice Before Cashing Out Your 401(k)," talks about the consequences of withdrawing money from a 401(k) before turning 59 1/2. "It could be very tempting for employees to tap their 401(k) plans to pay bills or take that special vacation," said NASD Vice Chairman Mary Shapiro. "It is our hope that this will help workers make better investment choices that take into account their long-term goals of retirement security."
NASD Warns Against Cashing Out Of 401(k)s
Source: Financial-Planning.com
NASD Warns Against Cashing Out Of 401(k)s
Source: Financial-Planning.com
Permalink posted by armandn @ 11:39 AM 
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