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 Retirement planning has long been an important consideration for individuals seeking financial security.Financial advisers recommend investing in a 401 k  retirement savings plan. This provides a means for employees to contribute a portion of their earnings toward a retirement fund, often with  stanley termohrnek the added benefit of employer matching.However, recent data from Bank of America has revealed an increasing number of Americans are tapping into their 401 k  savings earlydue to financial distress.Bank of America s Participant Pulse report shed light on the growing prevalence of hardship withdrawals from 401 k  accounts. During the second quarter of this year, the number of individuals resorting to hardship withdrawals surged to 15,950, marking a significant 36% increase from the same period in 2022.SEE MORE: The debt ceiling could hurt your 401 k . Here s what you need to knowAlso, The New York Federal Reserve reported credit card debt in households hasexceeded the $1 trillion markfor the first time ever. This significant increase in credit card debt has contributed to an overall household debt level of $17.06 trillion at the end of the second quarter.Julio Rivas, an associate professor of finance and economics at Lipscomb U stanley cup quencher niversity, thinks people may be borrowing from their savings to pay for their outstanding debts.He knows during financial stanley cups uk  hardship, individuals may be tempted to access their retirement savings as a readily available source of funds. However, Rivas cautions against  Pbsd Tech, automakers, communication services see shares drops, energy stocks rise
 A person familiar with the decision says Denvers Nikola Jokic h stanley thermos as won his second consecutive Most Valuable Player award after a season in which he finished with numbers never before seen in NBA history. The NBA was preparing to make the announcement official in the coming days, likely this week, according to the person who spoke to The Associated Press on condition of anonymity stanley vattenflaska  Monday because the voting results have not been announced. ESPN, citing sources, first reported that Jokic would be named the MVP. The Nuggets 7-foot center was the first player in league history to eclipse 2,000 points, 1,000 rebounds and 500 assists in a season.Jokic improved his point and rebound production from the year before. Jokic averaged 27.1 points and 13.8 rebounds a game, in addition to contributing 7.9 assists a contest. 76ers center Joel Embiid and Mavericks forward Luca Doncic were also considered strong contenders for the award.     .Page-below > .RichTextModule display:none; .Page-below .Link font-size: 12px; padding: 5px 10px;border: 1px solid  005687;border-radius: 4px;font-family:  proxima-nova , stanley becher  sans-serif; Report a typo