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More Americans are tapping their 401(k)s for financial emergencies, with the percentage of retirement savers pulling money for hardships spiking 24% in the 12 months through Sept. 30, reports Employee Benefit News. For now, the overall percentage of savers withdrawing money for sudden hardships remains low, rising to 1.3%, according to a study by Empower Retirement. And about 60% of that activity came from savers with incomes below $60,000.
1. Hacking group Ransomhub claims to have stolen UnitedHealth data
2. Hackers leak stolen data from Change Healthcare on dark web
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Biden administration limits Medicare Advantage broker compensation
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. MultiPlan under scrutiny for minimizing out-of-network reimbursements