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Wharton Business Daily

Why Early 401(k) Withdrawals Are a Bad Idea

Early 401(k) withdrawals can drastically reduce retirement assets; if need be, borrowing from a retirement account can be a safer option, explains Wharton Prof. Olivia S. Mitchell. Via Knowledge@Wharton.…Read More

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March 24, 2021   |   News and Media COVID-19, debt, financial literacy, retirement, retirement security, Wharton Business Daily

Olivia S. Mitchell on Wharton Business Daily

Congress removed some penalties from early withdrawals from retirement savings, but taking money out early can dramatically reduce one’s retirement assets, cautions Wharton Prof. Olivia S. Mitchell speaking with Dan Loney on Wharton Business Daily. …Read More

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February 26, 2021   |   News and Media COVID-19, debt, financial literacy, retirement, retirement security, Wharton Business Daily
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