Watch CBS News

401K hardship withdrawals hit record high last year, and rebuilding for retirement could be tough

Name: 401K hardship withdrawals hit record high last year, and rebuilding for retirement could be tough
Uploaded: 2024-03-15T07:10:00-0400
Duration: 1 min 56 s
Description: According to Vanguard, a record-high 3.6 percent of workers took hardship distributions from their 401ks in 2023.

According to Vanguard, a record-high 3.6 percent of workers took hardship distributions from their 401ks in 2023.