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Typical person yanked $12,000 from 401(k) during coronavirus pandemic: Vanguard

Finance
Jamie Grill | Blend Images | Getty ImagesRetirement 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 of all withdrawal amounts.More from Personal Finance:This risk threatens retirees' nest eggsHere's a decade-by-decade guide to retirement planningHere's what's ahead for President-elect Biden's tax planCoronavirus-related distributions are a new type of retirement withdrawal, enacted in March by the federal CARES Act to help cash-strapped individuals during the econo...