403: 401(k) Withdrawals on the Rise

Have you had to take money out of your 401(k) in order to keep afloat financially?

It shouldn’t come as a big surprise that times are tough financially right now for a lot of Americans and a newly released report from Bank of America suggests that hardship withdrawals from 401(k)s are on the rise because of it. In this episode of Popcorn Finance, I wanted to share a bit more about what that data in the report means and how hardship withdrawals work regarding specific guidelines and criteria you must follow in order to access money from your 401(k).  

Bank of America Report

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