Advisors warn against spate of 401(k) withdrawals
A number of advisors have expressed concern that the long-running stock market rally is tempting 401(k) savers to make withdrawals to spend on nonessentials, which may ultimately prove detrimental to their financial security. "I've seen more money requests for extraneous items in the last six weeks than I have in the last five years," said advisor Jamie Cox of Harris Financial Group.