Thomas Barwick | Stone | Getty Images The share of retirement savers who withdrew money from a 401(k) plan to cover financial hardship hit a record high in October, according to data from the Vanguard Group. This dynamic – when combined with other factors such as rapidly rising credit card balances and falling personal savings …
Vanguard is pulling out of the top financial alliance on fighting climate change at a time when US Republicans have stepped up their attacks on financial institutions they say are hostile to fossil fuels. With $7.1 billion under management and more than 30 million clients as of October 31, Vanguard is the world’s second-largest fund …
Vanguard leaves the climate alliance as part of the Net Zero project Read More »
Amid stubbornly high inflation, a record proportion of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about 5 million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% of account holders made difficult withdrawals in October. It’s a “worrying” all-time high, said …
401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard Read More »
