Workers increasingly raiding their 401(k)'s

[sweeps]

Financially stretched workers are increasingly breaking into their retirement accounts to get cash.

Link

[Broken Arrow]

Yeah, I've read similar articles saying the same thing. All I can do is shake my head. I wonder if some will learn before it's too late? Or at all?

[aida2003]

I didn't read this particular article, but I've read something like before. All I can say it's very sad and I think the trend will continue unless people will realize that they must live within their means or rather below their means.

[terry1156]

From the current economic news, it's only going to get worse.

[TMoney]

Yea I can see the need for people raiding their 401k's...but for me it would have to be one of my last resorts!

[Joan.of.the.Arch]

Even if some of these people were desperate for money, I wonder if they could have met their needs not by dipping into the 401Ks, but by just stopping their contributions for a few months or even a few years. Re-rout the contributions to whatever the pressing need is.