{"id":43949,"date":"2014-05-06T17:00:20","date_gmt":"2014-05-06T17:00:20","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_premature_withdrawals_from_401ks_replace_homes_as_american_piggy_\/"},"modified":"2014-05-06T17:00:20","modified_gmt":"2014-05-06T17:00:20","slug":"bloomberg_premature_withdrawals_from_401ks_replace_homes_as_american_piggy_","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=43949","title":{"rendered":"(Bloomberg) Premature withdrawals from 401(k)s Replace Homes as American Piggy Bank"},"content":{"rendered":"<p>Premature withdrawals from retirement accounts have become America\u2019s new piggy bank, cracked open in record amounts during lean times by people like Cindy Cromie, who needed the money to rent a U-Haul and start a new life.<\/p>\n<p>Her employer, the University of Pittsburgh Medical Center, had outsourced Cromie\u2019s medical transcription work. Cromie said the move cut her income by as much as 60 percent, at times leaving her with minimum-wage pay.<\/p>\n<p>So, last year, at age 56, she moved about 90 miles from her home in Edinboro, Pennsylvania, into her mother\u2019s basement. To make ends meet as she moved and then quit the job, Cromie pulled out $2,767 from her retirement savings.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-05-06\/early-tap-of-401-k-replaces-homes-as-american-piggy-bank.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Premature withdrawals from retirement accounts have become America\u2019s new piggy bank, cracked open in record amounts during lean times by people like Cindy Cromie, who needed the money to rent a U-Haul and start a new life. Her employer, the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=43949\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,175,149,168,597,98,662,593,34],"tags":[],"class_list":["post-43949","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-anthropology","category-economy","category-ethics-moral-theology","category-laborlabor-unionslabor-market","category-marriage-family","category-pensions","category-personal-finance","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/43949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43949"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/43949\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}