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Loan Modification

: Mortgage Lender Implode-o-Meter

401(k) withdrawals spike

By Implode-Explode Heavy Industries

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``Hardship withdrawals from 401(k) retirement saving plans rose to the highest level in 10 years during the second quarter... Fidelity reported that, as of the second quarter, 2.2% of all 401(k) participants had made a hardship withdrawal at some point over the preceding 12 months. That's up from 2% in the prior year, and was the highest level in 10 years.''

Full post as published by Mortgage Lender Implode-o-Meter on October 05, 2010 (boomark / email).

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