The problem with borrowing from your retirement plan
Workers are advised to sock away funds in an IRA or 401(k) to ensure that they have enough money to cover their living expenses in retirement. But without independent savings, these retirees risk struggling financially when they are older. According to data from J. P. Morgan Asset Management, there is a troubling trend of workers across all income levels borrowing money from their retirement plans. To find out why this is a troubling trend, read article here…
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