DOWNLOAD YOUR 401K PLAN OPTIONS PLR ARTICLE BUNDLE!

It's no secret that American businesses are suffering. In 2008, many businesses closed their doors, a trend that appears to be continuing. Americans who haven't lost their jobs are still concerned about the future. Some worry about job security, while others face pay cuts.

If you're in this situation, you may be worried about the future. You might consider finding a more stable job with another company. But what if you have a 401(k) plan with your current employer? What should you do? What are your options?

Cash out. This option is rapidly increasing in popularity, largely because of the poor economy. Businesses that remain afloat are passing added expenses on to consumers. You may have noticed increases in your utility, grocery, and insurance bills. Some Americans must trim their budgets and cut corners. When switching jobs, cashing out your 401(k) may seem like the best plan. But is it really?

You, like many others, might love the idea of having money in your pocket. You could pay off bills, put money towards a new home, and so forth. However, remember the purpose of a 401(k). It's to save money for retirement. There's a lot of concern about Social Security and pensions. In the past, 401(k) plans were considered supplemental, but now they are the main source of income for many during retirement.

As appealing as it is to have money in your pocket, consider the downsides of early withdrawal. For starters, you're charged a 10% early cash-out fee. Next, there's the tax factor. Money invested in a 401(k) is taxable when withdrawn. Combine those taxes with the 10% penalty, and you may not have much left.

Those who cash out their 401(k) plans are usually in their 20s or 30s. They believe they have years to continue saving for retirement. While this is true, money is still lost. There's a better alternative. What is it?

Below is the list of PLR Article titles that you can download inside:

• 401k Cash Outs versus 401k Loans
• 401k Don't Put All Your Eggs in One Basket
• 401k Early Withdrawals: Are They Worth It?
• 401k Investments: Choose or Let a Professional
• 401k Investments: Wait or Make the Change
• 401k Plans and Stocks: The Importance of Diversification
• 401k Stocks: Should You Pull Out?
• 401k Stocks: Using the Internet as a Research Tool
• 401k: Where to Invest Your Money
• Changing Jobs: What to Do With Your 401k
• Don't Have a 401k? Get One Now
• Dos and Don'ts of 401k Investing
• How and Why to Monitor Your 401k
• How to Diversify Stocks in Your 401k
• How to Enroll in a 401k Program
• Questions to Ask About 401ks
• Should You Take a 401k Loan?
• The Pros and Cons of 401k Loans
• Tips for Doing 401k Rollovers
• Tips for Waiting Out the Poor Stock Market
• Tips to Avoid Tapping Into Your 401k
• Tips to Invest Your 401k
• And so much more...