Obama's proposed budget lets unemployed workers drain their retirement savings

Obama's proposed budget lets unemployed workers drain their retirement savings
<i>Breakfast with Benjamin</i>: The president's 2016 budget lets workers tap into their 401(k)s penalty-free once unemployment runs out.
MAR 11, 2015
  • If 26 weeks' worth of unemployment benefits aren't enough to get you back on your feet, why not tap into your retirement savings? Sad as this logic might sound, it is the safety net that President Barack Obama is proposing as part of his 2016 budget. Two wrongs don't make a right
  • Even as inflation goes negative for the first time since 2009, Fed watchers say a rate hike is as on track as it has ever been. Don't bet the farm on it. Falling gasoline prices seen as the culprit
  • Investing in Argentina, a country already in default, means putting your big-boy pants on and being prepared to lose them. Consider yourself warned
  • Once you get past the multiple layers of lawyers, the net neutrality decision doesn't mean much for consumers. At least not yet. 'Preventing things from getting worse'

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