Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $39,680
48%  
Woo hoo!! Only $10 more to reach 49%!! Thank you all very much!! God bless.

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  • 30% Of People With A 401(k) Have Taken Out A Loan Against It: New All Time Record

    06/10/2011 12:31:19 AM PDT · by Nachum · 25 replies
    zero hedge ^ | 6/7/11 | Tyler Durden
    About a year ago Zero Hedge posted an article titled: "Record Number Of Americans Using Retirement Funds As Source Of Immediate Cash" after a report by Fidelity uncovered that "plan participants with loans outstanding against their 401(k) accounts had reached 22 percent versus 20 percent a year earlier." It is now time to revisit this very important topic because if recent press reports are true, last year's record number has just increased by another 50%. "On "The Early Show" Thursday, financial journalist and Newsweek columnist Joanne Lipman said, "Right now we have 30 percent of people who have 401(k)s have...