Posted on September 23, 2008 by simplerules
The Wall Street Journal reported today that withdrawals from 401(k) plans are on the rise. This, along with decreasing contributions, is not a surprise given the weakening economy and the stock market craziness we’ve seen.
However, remember to think twice before taking a withdrawal from your 401(k) plan. Not only are you cracking open your retirement [...]
Filed under: Emergency Fund, Money, Retirement Saving | Tagged: 401(k), Emergency Fund, Retirement Saving | Leave a Comment »
Posted on September 22, 2008 by simplerules
Do you have a stash of cash that you may need to access in the next 1 to 12 months? You might want to look into a regular, old FDIC-insured savings account. These offer safety and flexibility because they’re insured by the US government and allow you to get to your money anytime you need [...]
Filed under: Emergency Fund, Investing Strategies, Money | Tagged: savings account, savings rates | 2 Comments »
