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Course Level :Basic
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Credits :0.2
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Instructional Method :Nano Learning
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Pre-requisites :None
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Advance Preparation :None
Published : February, 2023
More cash-strapped Americans, feeling the burden of high prices, unemployment, and a lack of ability to save, have been tapping into their 401(k) accounts for financial emergencies.
Vanguard found that hardship withdrawals hit an all-time high in 2022. The data could indicate signs of declining financial health among Americans. Hardship withdrawals allow workers to tap their 401(k) for an "immediate and heavy financial need”. Approximately 2.8% of individuals are starting to pull off money from their retirement accounts.
This CPE Nano learning course by Drew stevens will discuss 401(k) hardship withdrawals and the risks people should consider before taking money out.
At this time, Nano-learning is not accepted by all state boards. If you are not sure whether your state board accepts Nano-learning, you can ask your state board or visit the NASBA registry.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Dr. Drew Stevens founder of Wisdom to Wealth, works with individuals that grapple with finances and transforms them into wealthy professionals with the liquidity and lifestyle they desire to live with profound longevity to create a legacy. He specializes in coordinating Social Security and retirement income benefits. Drew holds the industry's most prestigious designation: NSSA© - National Social Security Advisor.
3 Ratings
