Household borrowing from 401(k) plans

Sundén, Annika, and Brian Surette. “Household borrowing from 401(k) plans”. Just the Facts 1, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2000. http://hdl.handle.net/2345/bc-ir:104522.
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Abstract

In order to encourage participation, 401(k) plans increasingly offer loans and withdrawals. This means that more and more families have access to pension funds prior to retirement. The newly released 1998 Survey of Consumer Finances shows that borrowing from pension plans has more than doubled between 1992 and 1998. The problem with using pension funds prior to retirement is the risk that retirement income will be inadequate. The questions are "Why do people borrow" and "What do they do with the money?"...

Title
Household borrowing from 401(k) plans
Author
Sundén, Annika
Surette, Brian
Center
Center for Retirement Research
Genre
report
Date Issued
June 2000
Publisher
Center for Retirement Research at Boston College
Series Title
Just the Facts
Series Number
1
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104522
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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