Episode 311 - Saving and Accumulating in a Recessionary Economy
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Last week, we discussed Capital Group\\u2019s \\u201cFive Keys to Investing in 2023.\\u201d\\xa0Unfortunately, we only got through the first two before we ran out of time, so Dennis will wrap up that discussion in the first part of today\\u2019s show.
A recent article in\\xa0The Wall Street Journal\\xa0reports that more Americans are tapping into their 401(k) savings due to economic and financial hardships. Since 2018, the government has loosened the rules for taking such withdrawals. But what qualifies as a hardship withdrawal? When, if ever, is it appropriate to make a withdrawal? We will answer these questions and more, and discuss the pros and cons of a 401(k) withdrawal versus a loan.
Tax season is upon us, so Heidi will share some timely advice regarding \\u201cSeven Useful Facts about Tax Diversification and Retirement.\\u201d And Deann will highlight some thought-provoking stats that are sure to intrigue. We look forward to hearing from you (via call or text) live on WTCM AM 580 this morning from 10 to 11 a.m. (with a rebroadcast on Saturday from 9 to 10 a.m.).\\xa0Tune in and take control!
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