Average 401(k) balances are up from last year, but so are hardship withdrawals
BofA report paints two conflicting pictures of the state of retirement savings in 2023.
There’s good news and bad news about the state of retirement savings in 2023 according to a new report from Bank of America.
While some Americans are feeling optimistic and have boosted their 401(k) balances, others are struggling and been forced to take hardship withdrawals, depleting their re
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