Tips in Avoiding Leaks in Your Retirement Plan
Some Workers will tap their 401(k) plans in the form of a loan or a withdrawal, or they may cash out when an emergency strikes. Plan providers call these “leaks.” As we all know, when water is leaking under the sink in your bathroom, it will eventually damage wood in the cabinets, the floor, and even the ceiling below. Similarly, money leaking out of your retirement plan will erode future retirement security. In Nancy L. Anderson’s article for Forbes, she gives tips on how to reduce leaks from your retirement plan. Read article here…