42 min

Record Number of 401k Early Withdrawals - How to Avoid This The Wise Money Show™

    • Investing

Despite a strong labor and stock market, data showed that a record number of people took early hardship withdrawals from their 401(k) in 2023. In this episode of Wise Money, we're discussing why this trend is increasing and what other options are available to avoid taking an early withdrawal. 
Season 9 Episode 35
Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!
Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call 574-247-5898.
Find more information about the Wise Money Show™ at www.wisemoneyshow.com 
 
Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/WiseMoneyShow 
Instagram - https://www.instagram.com/wisemoneyshow/ 
 
Want more Wise Money™?
Read our blog! https://www.korhorn.com/wise-money-blog 
Watch the guys in the studio: https://youtu.be/xjF9_0Dtljs 
Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow
 
Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

  • Copyright 2015 Wise Money Radio. All rights reserved. Securities are offered through Silver Oak Securities, Inc. Member FINRA/SIPC. Financial Advisors offer advisory services through KFG Wealth Management, LLC doing business as Korhorn Financial Group. KFG Wealth Management, LLC, Korhorn Financial Group, KFG Insurance Agency, and KFG Tax and Business Services are separate entities from Silver Oak Securities, Inc. Tax services provided by KFG Tax and Business Services and Insurance services provided by KFG Insurance Agency.

Despite a strong labor and stock market, data showed that a record number of people took early hardship withdrawals from their 401(k) in 2023. In this episode of Wise Money, we're discussing why this trend is increasing and what other options are available to avoid taking an early withdrawal. 
Season 9 Episode 35
Have a question you want to have answered on the show? Call or text 574-222-2000 or leave a comment!
Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call 574-247-5898.
Find more information about the Wise Money Show™ at www.wisemoneyshow.com 
 
Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/WiseMoneyShow 
Instagram - https://www.instagram.com/wisemoneyshow/ 
 
Want more Wise Money™?
Read our blog! https://www.korhorn.com/wise-money-blog 
Watch the guys in the studio: https://youtu.be/xjF9_0Dtljs 
Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow
 
Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks.

42 min

  • Copyright 2015 Wise Money Radio. All rights reserved. Securities are offered through Silver Oak Securities, Inc. Member FINRA/SIPC. Financial Advisors offer advisory services through KFG Wealth Management, LLC doing business as Korhorn Financial Group. KFG Wealth Management, LLC, Korhorn Financial Group, KFG Insurance Agency, and KFG Tax and Business Services are separate entities from Silver Oak Securities, Inc. Tax services provided by KFG Tax and Business Services and Insurance services provided by KFG Insurance Agency.