In this episode of You’re Not Dead Yet, Chris and Steve explore an emerging trend that reflects the complex financial reality many Americans are facing today—rising 401(k) hardship withdrawals.

While retirement account balances have grown in recent years due to market performance and consistent contributions, more workers are also accessing those same funds earlier than planned. This contrast highlights an important dynamic: financial progress and financial pressure can exist at the same time.

Chris and Steve break down recent data showing an increase in hardship withdrawals and discuss the common reasons individuals may turn to retirement savings during times of need—such as covering unexpected expenses, managing debt, or addressing essential living costs.

They also examine the broader factors contributing to this trend, including rising living expenses, limited emergency savings, expanded access to retirement funds, and increased participation in workplace retirement plans.

To help listeners navigate these challenges, Chris and Steve share practical considerations for balancing short-term financial needs with long-term planning, including:

Building and maintaining an emergency fund

Separating short-term and long-term savings strategies

Periodically reviewing your financial plan

Staying disciplined through changing market and economic conditions

To learn more, visit www.premieriwm.com and download the guide, “10 Critical Steps to Take Before Retirement.”

🎧 You’re Not Dead Yet: Thriving at the Crossroads of Building Wealth and Living Life.

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Rebalancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against loss.

All performance referenced All performance referenced is historical and is not a guarantee of future results. All indices are unmanaged and cannot be invested into directly.

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