Monday, August 23, 2010

Increasing number of loans from 401K accounts- $HIG

Increasing number of loans from 401K accounts - Record number tapping retirement accounts to help
make it through the downturn. Among the 11 million workers whose 401(k) plans are run by Fidelity, 11
percent took out a loan from their plan during the 12 months ended June 30, the company said, up from 9
percent at the same point a year earlier. CNBC

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