20% of Americans Plan to Make This Dangerous Move During COVID-19

20% of Americans Plan to Make This Dangerous Move During COVID-19

It's not surprising, then, to learn that 20% of people say they'll likely take a 401(k) withdrawal in the near term to put cash in their pockets, according to the May 2020 Simplywise Retirement Confidence Index. Most retirement plan values are down because of COVID-19's brutal stock market beating earlier this year.