Recession Proof Your 401K PLR Article

DOWNLOAD YOUR 401K PLAN OPTIONS PLR ARTICLE BUNDLE!

It is no secret that American businesses are suffering. In 2008, a large number of businesses closed their doors. It appears this practice will continue for years. Americans who have yet to lose their jobs are concerned about the future. Some are worried about job security and others are asked to take a pay cut.

If you are in this situation, it may leave you worried about the future. You may opt to find a more stable job with a different company. What if you have a 401(k) plan with your current employer? What should you do? What are your options?

Cash out. This option is rapidly increasing in popularity. One of the reasons is the poor economy. Businesses that do stay afloat are passing on the added expenses to consumers. You may have seen your utility, grocery, and insurance bills increase. Some Americans must trim their budgets and cut corners. When switching jobs, cashing out your 401(k) may sound like the best plan. Is it really?

You, like many others, love the sound of having money in your pocket. You can pay off your bills, put that money towards a new home, and so forth. With that said, remember the point of a 401(k). It is to save money towards retirement. There is a lot of concern about Social Security and pensions. In the past, 401(k) plans were considered supplemental plans. Now, they are the main source of income for many during their golden years.

As nice as it is to have money in your pocket, look at the cons of early withdrawal because there are many. For starters, you are charged a 10% early cash out fee. Next, there is the tax factor. Money invested in a 401(k) is taxable when withdrawn. Combine those taxes with the 10% penalty and you may not have much left.

Those who do cash out their 401(k) plans are usually in their 20s or 30s. They believe they have years to continue saving for retirement. Yes, this is true, but money is lost. There is a better alterative. What is it?

Below is the list of PLR Article titles that you can download inside:

401k Cash Outs versus 401k Loans
401k Dont Put All Your Eggs in One Basket
401k Early Withdrawals Are They Worth it
401k Investments Choose or Let a Professional
401K Investments Wait or Make the Change
401k Plans and Stocks The Importance of Diversification
401k Stocks Should You Pull Out
401k Stocks Using the Internet as a Research Tool
401k Where to Invest Your Money
Changing Jobs What to Do With Your 401K
Dont Have a 401k Get One Now
Dos and Donts of 401k Investing
How and Why to Monitor Your 401k
How to Diversify Stocks in Your 401k
How to Enroll in a 401k Program
Questions to Ask About 401Ks
Should You Take a 401k Loan
The Pros and Cons of 401k Loans
Tips for Doing 401k Rollovers
Tips for Waiting Out the Poor Stock Market
Tips to Avoid Tapping Into Your 401k
Tips to Invest Your 401k
And so much more...

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