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Fidelity sees record number raid their 401(k)s, msnbc, 8/20/10

By: David Pitt for AP, msnbc, August 20, 2010


In the wake of news about a spike in new applications for unemployment benefits comes another potentially troubling sign: A record number of workers made hardship withdrawals from their retirement accounts in the second quarter.

What's more, the number of workers borrowing from their accounts reached a 10-year high, according to a report issued Friday by Fidelity Investments.


Read more here: http://www.msnbc.msn.com/id/38783832/ns/business-your_retirement/

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