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People who tapped 401(k) plan during pandemic are stealing from their future selves, advisors warn

People who tapped 401(k) plan during pandemic are stealing from their future selves, advisors warn

Many 401(k) plan savers tapped their accounts during the coronavirus pandemic. Thinking of a 401(k) in terms of a monthly income stream, instead of a lump sum, could make savers think twice before withdrawing money, experts said.