Laid-off workers tapping 401(k) funds to survive – Batavia Sun

As the last of his severance pay dwindled away in March, Brad Cleghorn of northwest suburban Marengo cashed out his 401(k) plan in order to pay his mortgage and feed his family. Cleghorn is not alone. A Hewitt Associates study shows that 46 percent …

Source: Laid-off workers tapping 401(k) funds to survive – Batavia Sun