Has the Coronavirus Crisis Depleted Your Cash Savings? Here’s What You Should Do Before Tapping Your 401(k)
Charles Sachs, Director of Planning for Kaufman Rossin Wealth, shares his advice with USA Today to help individuals navigate the financial crisis posed by the COVID-19 pandemic.
Article Excerpt: “The country is littered with stories about folks that took 401(k) withdrawals with every attempt to pay the money back, but never got around to it. Imagine the lost growth over a 20-, 30- or 40-year period. If people think they have it tough now, they should imagine when they are in their 80s without the benefit of a nice sized 401(k).
Charles Sachs, CFA, CFP®, is a Chief Investment Officer at Kaufman Rossin Wealth, LLC, a Registered Investment Adviser.