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News@lemmy.world · 3 days ago

Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s

www.nbcnews.com

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Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s

www.nbcnews.com

return2ozma@lemmy.world to

News@lemmy.world · 3 days ago

Some are changing their spending habits while others are worried about their future quality of life.

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PillBugTheGreat@lemmy.world
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2 days ago
When you get a 401k loan, it is treated as a loan, it looks like, from yourself. Only risk there is if you default, it then switches to a disbursement and has a 10% penalty and probably some sort of tax implication.

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