Borrowing from your 401(k) is easy. But should you really break open that piggy bank?
The 401(k) is considered the cornerstone of retirement, but when times get tough, some people treat it like a piggy bank. Nearly 3 in 10 Americans dip into their retirement savings, according to Transamerica. The most common reasons include paying for higher education, dumping debt and footing the bill for unplanned medical expenses. After all, life happens. That was the case for one married couple. In 2013, Ashley and Tyler Patrick of Charlotte, North Carolina, were pregnant with a second child, but their small, two-bedroom brick ...
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