U.S. News & World Report's Brian O'Connell quotes RCH Founder, President & CEO Spencer Williams in his 4/3/17 article "Why You Shouldn't Raid Your 401(k)". Williams provides O'Connell with individual examples of the long-term financial damage inflicted by cashing out even small amounts. Williams also points out that the primary source of 401(k) "leakage" -- about 89% -- comes from cashouts.
Read the Full Article in U.S. News & World Report
Back
1916 Ayrsley Town Boulevard
Suite 200
Charlotte, NC 28273
Individuals should consult their tax advisers or legal counsel for advice and information concerning their particular situation. Retirement Clearinghouse does not give legal, investment, or tax advice. IRA account fees and product information provided by Retirement Clearinghouse, LLC is subject to change without notice at the discretion of the IRA Provider. RCH Shareholder Services is a wholly owned subsidiary of Retirement Clearinghouse, LLC and a registered transfer agent with the U.S. Securities and Exchange Commission.
