In this episode, John Schink of Deerwood Realty explores the difficult decision many Americans face: taking hardship withdrawals from their 401(k) plans to avoid foreclosure or letting the bank take the house. Despite a strong economy, many are financially stressed due to high housing costs and rising interest rates. We analyze the implications of these choices on long-term financial health and the broader economy.

#RetirementCrisis

#HousingMarket

#FinancialPlanning

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https://www.marketwatch.com/story/hardship-withdrawals-from-401-k-plans-rocket-nearly-40-as-savers-fight-to-save-their-homes-720bb95f?mod=search_headline

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