Personal finance

401(k) Hardship Withdrawals Hit an All-Time High of 'Worrying', Says Vanguard

401(k) Hardship Withdrawals Hit an All-Time High of ‘Worrying’, Says Vanguard

Amid stubbornly high inflation, a record proportion of Americans are turning their 401(K) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of about five million employer-sponsored 401(k) accounts that Vanguard manages, the researchers said that 0.5% made hardship withdrawals in October. It’s a “worrying” all-time high, said retirement savings and …

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What is a line of credit?  It's a loan that works like a credit card with some restrictions.

What is a line of credit? It’s a loan that works like a credit card with some restrictions.

Insider experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. A line of credit is a flexible financing option that you can …

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3 Ways to Transition from Big City to Small Town Could Save You Thousands of Dollars

Image source: Getty Images Should we consider a change of pace? Key points You will most likely find lower housing costs in a smaller town. If you want to start a small business, living in a small town can make it easier and cheaper. Small towns have affordable artistic and cultural offerings. Life in a …

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Not having an emergency fund can lead to one of the biggest financial mistakes, says Suze Orman.  How Congress can help

Not having an emergency fund can lead to one of the biggest financial mistakes, says Suze Orman. How Congress can help

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios in New York City. jenny anderson | WireImage | Getty Images If your car breaks down or you have an unexpected medical bill, it can be difficult to find the money to cover expenses. In a pinch, it can be tempting to withdraw money …

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I asked a financial advisor to review my portfolio and share 6 ways to protect my finances against recession before it's too late

I asked a financial advisor to review my portfolio and share 6 ways to protect my finances against recession before it’s too late

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. I shared my finances with an advisor to get his advice on …

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How Parents Can Teach Their Kids About Cryptocurrency

How Parents Can Teach Their Kids About Cryptocurrency

There’s so much to cover on the subject of how cryptocurrency and NFTs, or non-fungible tokens, will affect the next generation of investors that I’m going to dedicate two articles to it. The second article, focusing on NFTs, will be published in a few weeks. This first article focuses on kids and cryptocurrency, specifically how …

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How to overcome stage fright?  These 6 tips can help you

How to overcome stage fright? These 6 tips can help you

“The retirement planning firm I work for has just started holding seminars where various strategies are discussed with an audience of about 50 people. My problem is stage fright. I’ve been reading your columns for years and know that you’re a litigator, researched and found several articles in the ABA Banking Journal on presentation skills …

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Today's mortgage and refinance rates: November 30, 2022 |  Rates hold steady as house prices fall again

Today’s mortgage and refinance rates: November 30, 2022 | Rates hold steady as house prices fall again

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates fell several weeks ago and have remained stable ever since. …

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