A record number of Americans took money out of their 401(K) plan last year for a financial emergency, stark new figures reveal. Data from Vanguard Group, one of the largest US retirement plan providers, reveals 3.6 percent of participants took early withdrawals from their accounts in 2023.Vanguard administers nearly five million retirement accounts, which means around 180,000 of their customers were forced to dip into their savings last year alone.
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