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401k: A Growing Number of Americans are Withdrawing their Retirement Funds

Amid high inflation and recent concerns about the health of the country's banking system, many Americans are cashing out their retirement funds, but experts say people need to be careful on this issue. Reporter Garrett Tenney has more. #retirement #401k #economy #finance Subscribe to FOX 10 Phoenix! Watch FOX 10 Phoenix live: FOX 10 Phoenix delivers breaking news, live events, politics, entertainment, business news and local stories from Phoenix, Arizona and across the nation. Watch more FOX 10 Phoenix on YouTube: Arizona Headlines: National headlines: World Headlines: Download FOX 10 Phoenix News and Weather App: Follow FOX 10 Phoenix on Facebook: Follow FOX 10 Phoenix on Twitter: Follow FOX 10 Phoenix on Instagram: Subscribe to FOX 10 Phoenix's newsletters: ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver I