Monday, February 25, 2008

More people are tapping their 401(k) for cash



Trent Charlton poses inside his Irvine, Calif. home, Friday, Feb. 15, 2008. Charlton, a 40-year-old account executive at a trucking company in Irvine, Calif., said he was aware of the risks when he withdrew $10,000 from his 401(k), cutting his retirement savings in half. Trent Charlton knew the risks when he borrowed $10,000 from his 401(k) and cut his retirement savings in half.




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