Typical person yanked $12,000 from 401(k) during coronavirus pandemic: Vanguard
Retirement savers appear to be taking advantage of relaxed rules around 401(k) withdrawals during the coronavirus pandemic. The typical 401(k) investor pulled $12,000 from their account in the form of a “coronavirus-related distribution,” according to a new Vanguard analysis of its client data. This figure represents the median withdrawal — in other words, the amount right in the middle Read More…