Record number of people making 401(k) withdrawals to cover immediate expenses
www.independent.co.uk
Hardship withdrawals from 401(k) accounts have tripled since pre-pandemic
  • DragonAce@lemmy.world
    9·
    4 months ago

    My 401k is completely gone. My wife left me hi and dry about a year and a half ago and I’ve been unable to find employment. So I burned thru my 401k and now I have no idea how I’m gonna make rent next month.

        • MinnesotaGoddam@lemmy.worldBanned from community
          1·
          4 months ago

          if you are paying 50% income tax in statesia please DM me with your location, i can find you a qualified professional to help. None of my clients had an effective tax rate (state and federal combined) higher than 27%. I’m not practicing anymore but again, if you are paying 50% we can cut that by a lot.