Tag: 401k cash out
![Businessman holding briefcase with dollar bills falling ou](https://crr.bc.edu/wp-content/uploads/2022/01/Businessman-holding-briefcase-with-dollar-bills-falling-out-1536x1025.jpeg)
When it makes sense to dip into your retirement account — and when it doesn’t. When policymakers consider leakages from 401(k) plans, they must balance two conflicting goals: 1) keeping tax favored savings in the plan so that funds are available at retirement; and allowing access to participants who need their money, which can encourag…