{"id":6645,"date":"2023-02-25T20:37:19","date_gmt":"2023-02-26T01:37:19","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=6645"},"modified":"2023-02-25T20:37:19","modified_gmt":"2023-02-26T01:37:19","slug":"fidelity-said-hardships-were-up","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=6645","title":{"rendered":"Fidelity said hardships were up"},"content":{"rendered":"<p>COVID, inflation, and a possible recession, all good reasons why hardship distributions are up.<\/p>\n<p>According to Fidelity, the percentage of 401(k) participants taking hardship withdrawals from their accounts rose to 2.4% in 2022, up from 1.9% in 2021.<\/p>\n<p>Fidelity claims that it represents the highest share of hardship withdrawals they have ever recorded, which noted the share typically ranges from 2% to 2.3%.<\/p>\n<p>Vanguard also recorded a rise in hardship withdrawals in 2022. About 2.8% of participants in its plans made hardship distributions in 2022, up from 2.1% in 2021.<\/p>\n<div class=\"sharedaddy sd-sharing-enabled\"><\/div>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>COVID, inflation, and a possible recession, all good reasons why hardship distributions are up. According to Fidelity, the percentage of 401(k) participants taking hardship withdrawals from their accounts rose to 2.4% in 2022, up from 1.9% in 2021. Fidelity claims &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=6645\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6645"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6645"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6645\/revisions"}],"predecessor-version":[{"id":6646,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6645\/revisions\/6646"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}