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Kiplinger
Kiplinger
Business
Sophie Benander, CRPS®, MBA

Americans Are Saving Hard for Retirement, So Why Do So Many Tap 401(k)s in an Emergency? The Answer Isn't Poor Discipline

401
A magnifying glass next to a dialogue bubble that says, "Need a loan?".

You've done everything the system has asked of you.

You were automatically enrolled in your 401(k) on your first day and never opted out. Your contribution rate climbs a little each year — automatically, whether you notice or not — and your money sits in a target-date fund that quietly rebalances while you live life.

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