Marketplace

To Cash Out or Not to Cash Out... A 401K Mystery

A recent survey reported almost 40 percent of people raided their company retirement account when they left their job. Cashing out a 401k account might be a financial sin. But Marketplace Money’s Scott Jagow found himself tempted to take a bite from forbidden fruit.

Feel like you're sinking under debt? Be careful which lifeline you choose. (Photo: Flickr/burville)

More on Investing, Retirement - Saving

Most popular stories online

1. Allegations against U of Phoenix persist
2. What to do with your credit cards
3. Examining U of Phoenix recruitment
4. Talking money back at her old school
5. Need work? Trying making your own.

Also on This Show

• Hidden Costs of Cost Cutting Travel
• My Company's Cash and Me
• Money Magazine's – Best Places to Live
• To Cash Out or Not to Cash Out... A 401K Mystery
• From the Money Matters Desk: Borrowing From a 401K
• The "Straight Story" with Chris Farrell: ID'ing the Blame
• The Mailbag for July 15, 2005
• "Day in the Work Life": Art for Sale
• The "Buzzword": Blind Trust
• Look Ahead for July 15, 2005

Music From This Show

The Specials

GAME: Budget Hero

Think you could balance the federal budget? Play the game.

Conversations from the Corner Office^TM

Marketplace goes one-on-one with CEOs, company founders, head honchos...

Sit in

Working

Intimate profiles of workers in the global economy.

Meet them

Marketplace on iTunes U

Marketplace is on Apple's online education platform, iTunesU. Get free downloads in subjects like History, Science, Business and more. Study up

Find past stories by . . .

Past Shows