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Money is the Motive: Dangers of early dipping into 401(k)
A lot of people are trying to make their dollars stretch these days. Now, some who are coming up short before their payday are dipping into their 401(k) early.
HOUSTON - With financial strains looming large, many individuals are stretching their dollars as far as possible. However, as some find themselves falling short before payday, a concerning trend has emerged—dipping into their 401(k) savings prematurely.
This practice, while offering temporary relief, raises significant concerns about long-term financial stability and retirement preparedness.
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