Chicago Tribune: World Economy (US): Cash-strapped Americans raiding their 401(k)s -- by Jilian Mincer

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World Economy (US)Cash-strapped Americans raiding their 401(k)s -- by Jilian Mincer

Despite potential tax and investment problems, more investors have been borrowing from their 401(k) plans or taking hardship withdrawals in recent months, some retirement plan providers say. Many in the field expect more borrowing in 2008, as consumers struggle with tighter credit and potentially higher mortgage payments.