By Walter Updegrave, RealDealRetirement @RealDealRetire

>>PLUG THOSE LEAKS  A new analysis from EBRI estimates that 7% to 9% of young workers who otherwise would have been able to replace 80% of their income in retirement may fall short due to “leakage” in their 401(k) accounts. The main culprits are cashing out early, hardship withdrawals and defaulting on 401(k) loans. Takeaway: The more you can restrain yourself from tapping savings during your career, the more you’ll have to live on afterwards.

Suggested Articles: